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Commissioners approve $13,500 housing needs analysis to explore Reinvestment Housing Incentive District
Summary
Crawford County commissioners authorized a $13,500 contract to update a housing needs analysis so the county can consider establishing a Reinvestment Housing Incentive District (RHID), a state-authorized tool that captures incremental property-tax revenue to reimburse developers for infrastructure costs over a set period.
Crawford County commissioners voted to fund a countywide housing needs analysis at a cost of $13,500 to determine whether to establish a Reinvestment Housing Incentive District, a financing tool that captures incremental property-tax revenue to reimburse developers for public-infrastructure costs.
Commissioner Jim, speaking during new business, described the RHID as a program that "captures the incremental increase in real property taxes for up to 25 years," and said the revenue can be used "for reimbursement for costs or to pay debt service on bond." He recommended hiring Novo Granick to expand an existing City of Pittsburgh housing study to cover Crawford County and said the countywide update cost would be $13,500 versus $10,000 for a smaller, zoned area.
The RHID process outlined in the discussion includes…
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