The City prepared the Agra Tax Increment Financing (TIF) Plan to help finance the construction of a new building on 27th Avenue South. It is located between Riverside Avenue and Franklin Avenue East.
The new building will have:
- 155 units of affordable housing
- Approximately 800 square feet of ground-floor commercial space
The TIF Plan:
- Creates a new housing TIF district to finance the costs of a qualified housing development
- Includes a budget for the use of tax increment revenue from the new TIF district
What to know
Comments are due by October 9.