Board directs staff to proceed with Low and Moderate Income housing support program using TIF funds
Story County supervisors directed staff to implement draft guidelines for an LMI Housing Support Program using Tax Increment Financing (TIF) increment funds for forgivable loans and grants to cities with qualifying projects, with staff consulting outside counsel to ensure legal compliance.
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The Story County Board on April 14 directed staff to proceed with a draft Low and Moderate Income (LMI) Housing Support Program designed to use Tax Increment Financing (TIF) increment funds to provide forgivable loans and grants to cities with qualified housing projects.
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