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Council updates RHID policy to add capitalization-rate criteria for certain incentives
Summary
The governing body amended the Reinvestment Housing Incentive District (RHID) policy to add cap-rate criteria and updated unit goals; staff said criteria reflect factors used in recent downtown projects to permit higher cap rates when priorities such as downtown redevelopment or workforce housing are met.
The Topeka governing body on July 15 approved amendments to the city's Reinvestment Housing Incentive District (RHID) policy to incorporate capitalization-rate criteria and to update unit targets and tranches.
Deputy City Manager Braxton Copley described two amendments: an update to annual unit targets and a substantive change to add objective…
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