Silver Springs CRA TIF rebate for Home2Suites hotel
Summary
The CRA was asked to approve a rebate grant agreement returning tax increment funding to the developer of a Home2Suites hotel at 5495 NE 25th Street, capped at $960,000. It's a tool to attract hotel investment to the Silver Springs redevelopment corridor using future tax growth from the site itself.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Feb 17, 2026.
Impact analysis
Up to $960,000 in CRA funds rebated over time, paid annually out of the hotel site's own tax increment contribution.
Headsprings, LLC receives rebate funds, and the Silver Springs corridor gains a new hotel investment.
CRA funds committed to this rebate are unavailable for other Silver Springs area projects during the rebate period.
Mentions & discussions (1)
Related development
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