M
ilwaukee is expanding its tax incremental financing program to support middle-income housing, a move developers say is crucial for achieving the city's goals of affordability and population growth. The change comes after years of advocacy from local developers who argue that previous programs focused too heavily on luxury developments.
Under the new plan, tax increments will be used to fund affordable housing projects targeting middle-income residents. This shift aims to increase the availability of housing options for working-class families and individuals, helping to stabilize neighborhoods and attract more residents to the city.
The expansion is expected to have a significant impact on Milwaukee's housing market, particularly in areas where gentrification has led to rising costs and displacement of long-time residents. By supporting middle-income housing, the city hopes to create a more inclusive and sustainable community that benefits both existing residents and new arrivals.
