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Board debates RHID housing tool as city moves forward; members seek shared criteria before voting
Summary
Board members discussed the City of Manhattan's first Reinvestment Housing Incentive District (RHID) project and agreed to develop district-level guidance before taking a veto or approval vote; concerns included price points, tax freezes, differing city/county policies and potential impacts on school revenue and growth.
Board members devoted a lengthy portion of the May 20 meeting to the City of Manhattan—s recently passed resolution authorizing an RHID project and to broader local use of the Reinvestment Housing Incentive District tool.
Superintendent Eric Reed summarized staff work and said the city had submitted materials for a proposed RHID project; the board—s facilities and growth committee had heard a presentation, and the district had participated in a task force meeting with city and county representatives. Christine and Kristen (board representatives on the task force) reported differences between county and city RHID policies. The county prefers incentives targeted at lower-income AMI bands (about 60–80% AMI) and prefers infill development. The city is more open to projects that serve workforce housing…
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