Summary
The council approved a development agreement with Neumann Companies for the former Giese School property at 5120 Byrd Ave. About $2.3 million in TID 31 money will build roads and utilities, and $1.7 million will fund $50,000-per-lot down payment assistance to help families buy the new homes.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 5, 2026.
Impact analysis
About $4.3 million in TID 31 and storm water funds are committed to roads, utilities and homebuyer down payment assistance.
Future homebuyers in the new subdivision and the surrounding neighborhood.
Mentions & discussions (2)
Common Council — August 5, 2026
The council approved a development agreement with Neumann Companies for the former Giese School property at 5120 Byrd Ave. About $2.3 million in TID 31 money will build roads and utilities, and $1.7 million will fund $50,000-per-lot down payment assistance to help families buy the new homes.
Common Council — July 21, 2026
The council approved a development agreement with the CDA and Neumann Companies to redevelop the former Giese School site at 5120 Byrd Ave, using about $4 million in TID 31 funds for streets, utilities, and $50,000-per-lot down payment assistance for new homes.
Related development
Giese School Property Redevelopment
About $2.3 million in TID 31 funds will build roads and utilities, and buyers can get $50,000 in down payment help per lot — new housing on the near north side.
Giese School Property Development Agreement
New housing with public subsidy for infrastructure and buyer assistance on the near-north side.
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