[Mpls] $30m in TIF funds to be redirected to affordable housing?

[Doug Walter]

More information on the $30m TIF Plan Mod:

Community Development Public Hearing, Tuesday Oct 26, 1:30 PM, Council
Chambers
Committee Members: Goodman (Chair), Benson, Lilligren, Schiff,
Zimmermann & Samuels

Item 7: TIF Plan Mods to allow Pooling for Affordable Housing: Adopt
resolution approving Modification No. 1 to the Parcel C TIF Plan,
Modification No. 1 to the East Hennepin & University TIF Plan,
Modification No. 2 to the Humboldt Greenway Tax Increment Plan,
Modification No. 1 to the Bottineau TIF Plan and Modification No. 1 to
the Heritage Landing Apartments TIF Plan. Also in W&M/Budget

Staff report: (TIF Plan Mods)
http://www.ci.minneapolis.mn.us/council/2004-meetings/20041105/Docs/07-T
IF-Plan-Mods-for-Affordable-Hsg.pdf
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window. There are no line breaks or spaces.)

Doug Walter
Nokomis East

-> 
-> On Sept 10, CPED requested amendments to five existing Tax 
-> Increment Financing (TIF) districts that would allow the 
-> revenues to be pooled and exclusively used for affordable 
-> housing development in Minneapolis.