The City of Peoria is using 46-thousand dollars of Tax Increment Finance funds to pay for a Taft Homes redevelopment study. Peoria Public Radio’s Tanya Koonce reports:
The Peoria Housing Authority property is within the Northside Riverfront TIF. The City is using TDA consulting to do the analysis. The firm specializes in working on public housing issues and its long-standing relationship with the Local Initiative Support Corporation. LISC and PHA are partnering with the city for the study results. Peoria City Manager Patrick Urich says the study is to consider all redevelopment options for the Taft Homes.