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I don’t often find myself on the same side of an argument as Councilor Jackson, but I think she is right to question this TIF funding with no affordability requirement.
If the development doesn’t pencil out without a lot of subsidy, the answer isn’t to raise the subsidy until it’s feasible…
So the developers pay a fee to the city in lieu of offering below market rate units? And then the city uses those funds to develop low income housing? Well, we have seen what an outstanding job Indianapolis has done in that regard the past 50 years! Not!