Can Brownfield be used for housing?
Yes. A property does not have to have environmental issues to qualify for a Brownfield TIF. For the right project, Brownfield tools can be used to support new housing development or redevelopment. One option is Housing Tax Increment Financing (TIF), which uses a portion of the new property tax revenue created by a project to help cover certain costs of development (such as site preparation, infrastructure improvements, or demolition). This helps communities like St. Joseph expand housing options at different income levels and makes housing projects more financially feasible without raising taxes.