Fatmah Farraj

Money Moves

Interim president overseeing the $59.2 million Leland rehab, with construction financing targeted to close in June 2027

The city's Community Development Commission approved $20 million in tax-increment financing for the Leland, a subsidy that sends growth in an area's property tax revenue to the $59.2 million rehab. Mercy Housing Lakefront aims to close its construction loan in June 2027 and finish the work in September 2028, according to a city housing department staff report.

Updated Oct 28