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Council OKs pre-application for 30 Ninth Avenue workforce housing tax incentive
Summary
The committee approved moving a pre-application forward for a tax-incentive pilot tied to a proposed low- and moderate-income apartment project at 30 Ninth Avenue so developers can show local support when applying for state and federal credits.
Grand Forks City Council’s Committee of the Whole on Monday approved a pre-application that would allow a proposed mixed-income apartment project at or near 30 Ninth Avenue to proceed through the city’s pilot tax-incentive review. The pre-application vote was intended to help the project’s developers show local governmental support when they apply this fall for state and federal tax credits and grants, city staff said. Staff cautioned the incentives are not guaranteed and that the project would be revised if the external credits do not come through. City staff…
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