The City of Irving Public Improvement District (PID) #3/Tax Increment Financing district (TIF) #5 was established in 2014 and consists of 275 acres of land, bounded by State Highway 114 and Cabell Road. Development is underway and is expected to deliver approximately 869 single-family residential homes.
The purpose of PID #3/TIF #5 is to help pay for the project costs associated with development. The projected costs are primarily related to:
Water and sewer improvements.
Drainage and storm water improvements.
Landscaping and hardscaping improvements.
Streets, sidewalks, bridges and streetscaping improvements.
Open space and recreational facilities.
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