Planning committee recommends TIF support for 335-unit Grama Reserve apartments; staff outlines $8M pay-as-you-go note The Planning, Building & Zoning Committee voted Nov. 24 to recommend to the full board a Lot 8 redevelopment agreement and a TIF note tied to a proposed 335-unit, Class A apartment project (Grama Reserve). Staff said phase‑1 reimbursement is capped at $5M, phase‑2 at $3M; payments would come only from the increment generated on the developer's lot.

Hoffman Estates is eyeing a transformative 335-unit apartment project with a $8M tax-increment financing deal, but questions loom about its impact on the community.

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