Midtown Urban Renewal District Strategic Land Acquisition Loan Pilot Program
Description
A proposed $2.5 million loan program to help nonprofit developers buy land for for-sale affordable housing in Midtown, with loans secured by the land and repayments returning to the TIF fund.
Impact summary
If it works, this could unlock affordable for-sale homes in Midtown; if criteria stay too strict, almost no developer will qualify.
At a glance
- Hearings
- 1
- Public comments
- 2
- Total mentions
- 1
Last discussed Jun 18, 2026.
Meeting timeline (1)
Related issues (2)
Midtown Urban Renewal District construction projects
Whittier School parking lot is nearly done with new landscaping, streetlights are going up along Fifth and Main, and a new crosswalk at Seventh and Aspen got its poles. Over half a million dollars in TIF has gone into the BMX park area over time.
Midtown land acquisition loan pilot for affordable housing
The city wants to lend up to $2.5 million to nonprofit developers to buy land for for-sale affordable housing in the Midtown district. Board members worry the eligibility criteria are so strict almost nobody qualifies, and community land trust leaders asked for tweaks so their model fits.
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