affordable housing tif tools
How local tax tools can fund affordable housing under pending state law
Watch for the state bills to advance and for Two Rivers to connect any new TIF district tools to a specific housing project with clear affordability rules.
Typically discussed at City Council Work Session. Check back when the next agenda is published.
At a Jan. 26 City Council work session, staff walked through pending state changes that could expand what Two Rivers can do with TIF districts, including tools aimed at affordable housing and small-lot, owner-occupied homes. Council talked about how that added flexibility could fit future housing and infill ideas if the state acts.
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Staff reviewed pending state legislation that could expand how the city uses tax incremental financing, including additional options to support affordable housing and small-lot, owner-occupied housing.
City Council Work Session -
Council discussed the added flexibility described in the proposed legislation and how it might fit future housing and infill strategies if the bills pass.
City Council Work Session -
The item was handled as a discussion topic with no recorded vote, formal decision, or public hearing.
City Council Work Session