652 Sherburne Avenue rental-to-ownership loan extension
Summary
The HRA extended the spending plan TIF loan for the 652 Sherburne project in Ward 1, keeping tax-increment financing in place to support the redevelopment. It passed unanimously.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jan 14, 2026.
Impact analysis
The TIF loan extension keeps public financing in place for the Sherburne project; specific dollar amounts weren't stated at the meeting.
Residents of Ward 1's District 7, who stand to see the Sherburne redevelopment move forward.
Mentions & discussions (2)
Housing & Redevelopment Authority — January 14, 2026
The HRA extended the spending plan TIF loan for the 652 Sherburne project in Ward 1, keeping tax-increment financing in place to support the redevelopment. It passed unanimously.
Housing & Redevelopment Authority — January 7, 2026
A first-of-its-kind project converting six deeply affordable rentals into community ownership needs a six-month loan extension because permitting delays pushed construction back. The $386,279 loan stays forgivable if conditions are met by June 30, 2026.
Related development
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