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Council accepts $519,000 in state housing incentives to use for capital improvements
Summary
The council approved spending $519,000 in state incentive funds tied to housing units produced through smart-growth/overlay projects; the funds will be used for capital improvements and follow earlier unit approvals at Stone Mill and a Broadway project.
The Lawrence City Council authorized the appropriation and expenditure of $519,000 received as state housing incentive bonuses tied to recently completed multifamily projects.
Planning Director Daniel McCarthy explained the funds are an incentive payout the city receives after occupancy permits are issued under a state program that provides $3,000 per housing unit created through…
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