St. Paul approves up to $46.9M in public financing for affordable housing on Ford site
Copy shortlink: St. Paul plans to direct property taxes on portions of the former Ford plant toward construction of 195 affordable housing units on the site, which is undergoing a multimillion-dollar transformation into the new Highland Bridge development. The City Council on Wednesday unanimously approved the creation of two new tax-increment financing (TIF) districts on the site that will allow St. Paul to funnel up to $46.9 million in public funding to three proposed housing projects. The 122-acre site in St. Paul's Highland Park neighborhood is bustling with constr...
Source: startribune.com