The Real Intent of a TIF: Names in the News
Homewood Village President Richard Hofeld shows his support for investing TIF money locally.
Homewood’s longest running Village President, Richard Hofeld, is well-known for his local business support and advocacy. During last week’s village board meeting, he voiced his support in giving $20 thousand dollars to 18141 Dixie Highway through the Façade and Property Improvement Program. “This is the real intent of a TIF,” Village President Hofeld said at the meeting. Many other local properties have received TIF money as well through village incentive programs. Do you think it’s a good idea for Homewood to invest so much locally or is the village playing too large a role in business affairs?