Testimony in support of the Housing and Economic Development Bond proposal
By: Daniel Cooper
May 14, 2024 / Testimony
May 14, 2024 / Testimony
MPC Senior Director Daniel Cooper wrote to the Finance Committee as they underwent a hearing on proposed Bond issuance.
“We believe this proposal represents an effective solution to help address both of these challenges by providing an immediate revenue stream that can be used to support development where it is most needed. And, critically, we support it because the new borrowing will be paid for over time by revenue from expiring Tax Increment Financing (TIF) Districts. “