|Proposed DIF boundaries: These areas were selected because they have been identified as having potential for new development opportunity, but require significant infrastructure investment in order to realize that potential.|
What is a DIF?...
DIF is a financing tool that will enable the City to use new tax growth generated within the proposed DIF development district to acquire, construct, reconstruct, improve, preserve, alter, extend, operate, maintain and promote development within the development district, in order improve the quality of life, physical facilities and structures, and quality of pedestrian and vehicular traffic control and transportation, as well as increase and/or improve both affordable and market rate housing within the DIF development district.
The draft DIF plan is now available for review on the City’s website at the link below. You can also get to the page through “City Departments”, “Economic Development”, and then in the right hand column is “District Improvement Financing Program (DIF).
The purpose of the Public Hearing is to seek public comment on the proposed boundaries, development plan, financing methods, and governance.