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Council backs developer’s renewed push for tax credits and permit‑fee waiver for Terrace Crossing; one commissioner objects
Summary
The City Council voted 5-1 to send a letter of support and authorize staff to waive building permit fees if Terrace Crossing Apartments receives state low‑income housing tax credits. The city’s community development director estimated the permit‑fee waiver could total a little over $90,000.
The Independence City Council on Sept. 2 approved a resolution supporting Terrace Crossing Apartments’ renewed application for Missouri low‑income housing tax credits and authorized staff to provide a building‑permit fee waiver if the developer is awarded credits. The resolution (25-784) passed 5-1; Council member Stewart voted no. The roll‑call yes votes were Council members Fears, Perkins, McCandless, Wiley and Mayor Roland. Why it matters: state low‑income housing tax credits are competitive; local incentives such as fee waivers can increase a project’s score and improve its chances of receiving credits. If awarded, the project would add 60 units of affordable housing in the city and the…
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