Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Policy topic
No spam. Unsubscribe anytime.
IDA says workforce housing language included in UTEP; committee presses for community benefits and clawbacks
Summary
Fioravanti said the IDA’s UTEP includes a workforce housing qualifier (10% of units at 60% AMI or 20% at 60% AMI) and described recapture language; legislators asked how the IDA evaluates 'but for' need, community benefit agreements, and stronger clawbacks.
Legislators pressed the IDA about ensuring public benefits and housing affordability are built into incentive deals. Bill Fioravanti said the UTEP’s housing qualifier requires either 10% of units at 60% Area Median Income (AMI) or 20% of units at 60% AMI as an alternative standard when housing is part of an IDA application.
Genesis Ramos said she wants stronger community benefit approaches and clawbacks to hold applicants accountable when they fail to meet commitments. Fioravanti described the formal cost‑benefit analyses the IDA runs (an MRB tool) and said recapture provisions are now more explicit in newer PILOT agreements so the IDA can reclaim a portion of incentives—he cited as an example up to roughly 30% recapture in some agreements.
