Members of the Economic Development Division met with city staff to discuss their use of Tax Incremental Financing (TIF) to increase housing support in a Housing Policy Committee meeting on Feb. 26.
Madison officials are turning to new housing policies and financing tools as the city works to keep pace with rapid growth and one of the lowest rental vacancy rates in the country.
Launched in 2021, the city’s Housing Forward initiative aims to help create 15,000 new homes by 2030 through expanding housing choice. Some of the completed milestones include renovating rental homes and public housing units, constructing additional affordable housing and creating a transit district that prioritizes walking and biking access to bus lines…