Alliance expresses concern for increase in tax increment financing for affordable housing



Alliance expresses concern for increase in tax increment financing for affordable housing

The Alliance is a longtime supporter of the appropriate use of tax increment financing and urban renewal, however it is concerned about the city’s proposed increase of TIF investments for affordable housing.
The Alliance is a longtime supporter of the appropriate use of tax increment financing and urban renewal, however it is concerned about the city’s proposed increase of TIF investments for affordable housing. The intent of TIF financing is investing in projects to create more property value than otherwise would have occurred, which ultimately results in additional revenues to jurisdictions like the city, county and schools. The Alliance believes it is critical to strike the right balance of investments with TIF so that it can ultimately fulfill its intent.  Read the letter