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

[Victoria Heller]

Doug Walter writes:

"This action would allocate $21.5 million of the tax increment revenues
expected over the next five years to "affordable housing" and additional
$8.8 million for "administration" of those funds."

Vicky Heller adds:

The CPED folks want the $8.8 million of administrative fees to pay their own
salaries.

Minneapolis has plenty of affordable housing and very high vacancy rates.  I
agree with Mr. Walter:  De-certify the TIF Districts and put the money into
the General Fund - for Police, Fire, Streets, Pensions, etc.

Vicky Heller
North Oaks and Cedar-Riverside (a TIF District for 36 years and counting)