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Pinetop-Lakeside adopts rebate policy to incentivize workforce housing
Summary
The town council unanimously approved Resolution No. 25-17701 to offer a construction-tax rebate of $2,500 per unit and other development incentives intended to encourage workforce housing development; the policy will be implemented through recorded agreements with annual attestation and potential repayment provisions for noncompliance.
The Pinetop-Lakeside Town Council on a unanimous vote approved Resolution No. 25-17701, adopting a policy that offers developers financial and procedural incentives to build workforce housing in town.
The policy, presented by town staff member Jeremiah, offers a rebate of $2,500 per qualifying housing unit applied to construction-related taxes, priority building inspections and other incentives intended to make certain projects financially feasible. Developers accepting the incentive will sign a recorded agreement and must annually attest that units are…
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