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Commission backs Amber Point tax‑credit application with city incentive package
Summary
The commission approved city incentives to support a proposed 40‑unit low‑income housing tax‑credit project (Amber Point) in the Scenic Woods PUD, agreeing to sales‑tax exemption and fee waivers to help the project compete for state tax‑credit points, 5‑0.
The Manhattan City Commission on May 6 approved a city incentive package intended to help a proposed Amber Point affordable housing project secure state low‑income housing tax credits. The package includes the city’s intent to issue industrial revenue bonds, a sales‑tax exemption and waivers or payment of selected municipal fees, and it passed on a 5‑0 roll call.
Stephanie Peterson, director of community development, said the developer has been invited to submit a formal application for the state’s 9% tax credit round and that municipal support —…
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