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Jefferson City staff propose $5,000 per-unit reimbursement to speed housing construction
Summary
City staff asked the council to authorize a $560,000 first round of developer reimbursements — $5,000 per completed unit — to accelerate the building of up to 112 housing units over roughly two years; council discussion covered site lists, deadlines and funding sources but no final vote was recorded at the meeting.
Jefferson City staff asked the City Council to approve a residential reimbursement incentive that would pay developers $5,000 for each new dwelling that receives a certificate of occupancy, as an offset to high infrastructure and construction costs.
The measure, presented by Mister Smith (city staff), would fund a first round of incentives totaling $560,000 to reimburse up to 112 units proposed by developers who responded to a city RFP. Smith said the direct incentive "would be $5,000 per residential unit" and emphasized the payment would be made only after a structure passed inspection and obtained a certificate of occupancy.
The proposal is aimed at accelerating projects already in the permitting pipeline and at incentivizing infill, single-family, townhome and multifamily development. Smith described several projects that responded to the RFP and could be eligible: Meadow Acres (19 lots at the end of Hoffman Drive), a Savannah Place phase (25 units), a South Side infill program, and a multifamily addition tied to…
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