So when you talk about affordable housing where you know there is a capped opportunity for income, it is very difficult to find a developer, a good developer that will build what we need them to do where we want it to to do. We have the tif. We can utilize the tif, which is not a negative in any way. It's usually as a Pay go tiff. Right. So they're incre. They're taking land that has zero value, increasing it and they get the break until it's paid off. (47:57–48:02)
CLAIM
Asserts that Tax Increment Financing (TIF) is available and not negative for development.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
