October 23, 2017 11:42 PM
(ABC 6 News) – Monday, the Rochester City Council looked at options to improve affordable housing in the area.
Rochester city staff gave the Committee of the Whole six recommendations, all of which could be adopted by the council.
One of those is a requirement that Tax Increment Financing (TIF) districts would have to build either 40% of their units at 60% of the area's median income, or 20% at 50% of the median income.
“At the end of the day, it's a balanced equation, you just have to figure out are you going for more units at less support, or fewer units with more support," Rochester City Councilor Nick Campion said.
Members from Communities United for Rochester Empowerment said they would like to see more money placed into affordable housing than what's being discussed.
Created: October 23, 2017 11:42 PM
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