You will have to watch the meeting yourself, but I got a good chuckle out of how they are claiming that ‘workforce’ housing is similar to affordable or low income housing. It’s NOT. It pretty much means they don’t have to charge low rents like affordable housing. They use a tax credit that makes them eligible to charge rents comparable to 60% of the median income. Make no mistake, this apartment building is just that, an apartment building, nothing special about it, and certainly not deserving of a TIF.
I also take issue with developers that live out of state getting property tax rebates. At least when Dunham or Lloyd get a TIF, they put the money back into our community.
I hope the City Council grows a sack and denies this TIF, it’s not a blighted area and it’s not affordable housing.