Alexandria gets tougher on tax increment financing
ALEXANDRIA - It will soon be tougher for developers to get tax breaks for rental housing projects in Alexandria.
At its meeting Monday night, the Alexandria City Council approved changes to the city's tax increment financing (TIF) policy for housing developments.
The new policy sets clearer income and rental restrictions.
The goal is to make sure developers, if they are approved for TIF, are providing enough affordable housing units to low-income families.
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