PendingOther

Lloyd Companies Affordable Housing TIF

Description

Preliminary TIF plan for a 94-unit affordable rental project with a Platinum Drive extension; full application still to come.

Impact summary

Could add 94 workforce-priced rentals by late 2027, with tax increment diverted to pay for road and site infrastructure.

Applicant

Name: Lloyd Companies

At a glance

Hearings: 1
Public comments: 1
Total mentions: 1

Last discussed Feb 3, 2026.

Meeting timeline (1)

Feb 3, 2026

Planning Commission - Feb 3, 2026

Preliminary TIF plan for a 94-unit affordable rental project with a Platinum Drive extension; full application still to come.

Related issues (1)

Affordable housing TIF districts

Spearfish's eight TIF districts range from big wins ($84 million valuation at Exit 17) to concerns that the Sky Ridge housing TIF won't fully repay $17 million. Residents want the city to report actual tax dollars received, not just headline valuations.

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