The City of Madison Economic Development Division discussed using tax incremental financing to support affordable housing development during a Housing Policy Committee meeting last week.
Members of the Economic Development Division met with city staff to discuss their use of Tax Incremental Financing (TIF) to increase housing support in a Housing Policy Committee meeting on Feb. 26.
Madison officials are turning to new housing policies and financing tools as the city works to keep pace with rapid growth and one of the lowest rental vacancy rates in the country.
Launched in 2021, the city’s Housing Forward initiative aims to help create 15,000 new homes by 2030 through expanding housing choice. Some of the completed milestones include renovating rental homes and public housing units, constructing additional affordable housing and creating a transit district that prioritizes walking and biking access to bus lines.
To continue creating affordable housing throughout Madison, the city’s Economic Development Division said their staff has three main focuses: “[Monitor changes in TIF policies, strategically purchase land and provide accessible public transportation].”
At the committee meeting, Madison’s Economic Development Division Director Matt Mikolajewski said lawmakers at the Capitol have been revising state housing laws in recent weeks...
Madison officials are turning to new housing policies and financing tools as the city works to keep pace with rapid growth and one of the lowest rental vacancy rates in the country.
Launched in 2021, the city’s Housing Forward initiative aims to help create 15,000 new homes by 2030 through expanding housing choice. Some of the completed milestones include renovating rental homes and public housing units, constructing additional affordable housing and creating a transit district that prioritizes walking and biking access to bus lines.
To continue creating affordable housing throughout Madison, the city’s Economic Development Division said their staff has three main focuses: “[Monitor changes in TIF policies, strategically purchase land and provide accessible public transportation].”
At the committee meeting, Madison’s Economic Development Division Director Matt Mikolajewski said lawmakers at the Capitol have been revising state housing laws in recent weeks...
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Leo's notes: Madison officials are expanding their use of Tax Incremental Financing (TIF) as part of the city’s Housing Forward initiative, which aims to create 15,000 new homes by 2030. City leaders say tools like strategic land acquisition, transit-oriented development and flexible TIF policy will be essential to closing the housing gap. Proposed state changes allowing longer TIF use for affordable housing and stacking multiple financing programs could significantly increase development feasibility. The pattern remains clear- solving the housing shortage will require creative use of public financing tools alongside private investment.
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- - Volume: 26 - WEEK: 12 Date: 3/19/2026 9:36:10 PM -