Posted by Sam Rosen-Amy on November 10, 2017 at 3:44 PM
At the DC Council legislative meeting on November 7, 2017, Councilmember Silverman moved an amendment to legislation that would authorize the creation of the Union Market Tax Increment Financing (TIF) area. The amendment is pretty simple: it moves $36 million in the TIF that would pay for parking to instead fund more affordable housing and transit at the site. The other $46 million in the TIF legislation, which is earmarked for infrastructure improvements, would not be affected by the amendment.
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