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EDIC shortens, simplifies core‑neighborhood housing incentive to seven years at 100 percent
Summary
The committee voted to simplify the city’s core neighborhood housing incentive by removing the requirement to document extraordinary costs and moving to a seven‑year, 100 percent structure to ease administration and assessor tracking for small infill projects.
The Economic Development Incentive Committee voted May 27 to simplify the core neighborhood housing incentive program by eliminating detailed documentation of extraordinary costs for small projects and converting the term structure to seven years at 100 percent rather than a phased 100 percent/50 percent schedule.
Jim Gilmore presented the staff proposal, noting that many core‑neighborhood projects are small infill apartment…
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