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TIF, deed restrictions and resale rules highlighted as affordability tools for Bison Preserve
Summary
Board members and the developer said Tax Increment Financing (TIF), deed restrictions and resale restrictions would be used to maintain affordability for targeted workforce households; eligibility details were described as contingent on financing approvals and further study.
Board members focused questions on how affordability would be enforced. Vanessa Thun asked whether the TIF would be income-based: "With the TIF is this income based? If you make too much money you will not qualify, correct." Brian Papke replied, "That is correct," and said the TIF is necessary to keep prices down.
Board President Denise Churchill and others discussed deed restrictions and resale rules to preserve affordability for purchasers, and noted the district’s intent to target local workforce and public-service employees. Churchill said the plan envisions deed-restricted housing for local workforce "earning 80-120% AMI" and emphasized that the details depend on financing and legal agreements.
The board and developer said the district expects no fiscal responsibility, but several board members requested additional engineering and legal details before approving any binding commitments.
