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City backs KHITC application for 20 rental duplexes in Stone Lake development
Summary
The commission approved a resolution supporting KC Development LLC’s application for up to $30,000 per unit in Kansas Housing Investor Tax Credits for 20 rental duplexes in the Stone Lake subdivision; the city noted no fiscal obligation and that applications were due Oct. 3.
The Salina City Commission voted Sept. 22 to provide a resolution of support for KC Development LLC’s application to the Kansas Housing Investor Tax Credit (KHITC) program for 20 residential duplex units planned in the Stone Lake subdivision.
Staff explained the KHITC program (a state tax credit authorized under HB 2237) reduces investors’ state income‑tax…
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