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Economic Development Corporation Eyes Housing incentives, Approves Land Bank Application Packet
Summary
Pratt County and city representatives heard an update from the local economic development corporation May 29. The corporation said it will launch a housing-focused incentive program alongside an existing incentive grant, is shifting toward reimbursement-style grants, and the city has passed a land bank application process to be included on an
At a joint Pratt County–city recess meeting on May 29, members heard an update from the local economic development corporation on housing and commercial development work and funding allocation.
Chase Collie, identified in the meeting as the current chair of the economic development corporation, told officials the board has completed a housing study and is developing a separate housing incentive program to complement an existing incentive grant that currently excludes housing. The housing initiative under consideration would offer a cash-back incentive—described in broad terms during the meeting as a percentage of unit cost, with 5% used as an illustrative example—payable after…
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