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Council adopts resolution to back workforce housing tax-credit application for 36-unit project
Summary
Council adopted Resolution 25.11 approving a Workforce Housing Tax Credit Program application by 1410 Holton Drive LLC for construction of 36 apartment units near the Lamar airport, and the city recommended using an urban revitalization tax exemption as the local match; the estimated tax exemption totals about $284,000 over seven years.
The Lamar City Council adopted Resolution 25.11 on March 18 approving a Workforce Housing Tax Credit Program application by 1410 Holton Drive LLC for construction of multifamily housing near the city airport.
According to the staff presentation, 1410 Holton Drive LLC proposes to construct 36 apartment units (three buildings…
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