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Dickson County commission moves to form Economic and Housing Development Corporation to incentivize workforce housing
Summary
The Dickson County Commission on March 17 approved a resolution to pursue forming an Economic and Housing Development Corporation aimed at incentivizing workforce and affordable housing, authorizing application steps and approving a certificate of incorporation form.
Dickson County Commission voted March 17 to seek formation of an Economic and Housing Development Corporation intended to incentivize workforce housing development.
The commission approved a resolution authorizing officials to apply to form the corporation and approving the form of the proposed certificate of incorporation. Motion by Commissioner Leisure; second by Commissioner Williams. The motion passed by voice vote.
Commissioners and staff described the proposed housing corporation as a parallel to the county's Industrial Development Board: it could acquire, own, lease and sell property or provide incentives to developers to build affordable housing. Commissioner Williams asked whether the entity's intent was to acquire land or primarily to offer tax incentives; the chair and staff explained both functions were possible and that the final scope would be set by the board created if the corporation is formed.
Miss Malone, identified in the meeting as the county's economic developer, said the county currently depends on developers to bring property forward and that finding large tracts suitable for development is difficult. Commissioners discussed that the new corporation would be able to pursue property transactions and incentive tools similar to those the Industrial Development Board uses for industry.
The resolution specifies forming the corporation, appointing persons to make the application and approving the certificate of incorporation as a procedural step; further details about the corporation's governance, specific incentives or any budgets were not specified in the meeting record. The chair noted the item had been discussed two weeks earlier and returned now for final action.
Next steps discussed by commissioners: the authorized application will be submitted and, if approved, a separate board would oversee property acquisition, sale or incentive programs. The commission did not set implementation dates or appropriation amounts in this meeting.
