The Bemidji City Council will discuss tax increment financing for a new housing development during their work session Monday.
According to a memo from City Manager Nate Mathews, Mountain View Meadows is seeking a TIF district for a three-phase construction project.
The development would offer numerous single-family and multi-family units with income limits to address the city’s affordable housing needs.
A tax increment financing district is a tool a municipality can offer to developers to invest in a development by capturing property tax revenue from the new property.
No formal action is expected to take place during a work session, but the council will be able to discuss expectations for the agreement with the developer.
