On average, residential projects received TIF assistance in the amount of approximately 16% of their total project budgets and Mixed Use projects with a residential component received TIF assistance in the amount of approximately 17% of their total project budgets. All of the TIF Agreements for residential projects included an affordable housing requirement.
Based on our research, rental residential projects received the highest percentage of pledged TIF assistance as compared to other residential projects, or approximately 18%. Rental residential projects that included senior housing received a higher percentage of pledged assistance as compared to rental residential projects without senior housing.
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