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Commission introduces expanded South Side homeowner and developer incentives
Summary
The City of Paducah introduced an ordinance to repeal prior pilot incentives and create expanded homeowner reimbursement grants (30% of project cost, up to $30,000) and developer gap-financing incentives for new single-family construction aimed at attracting builders and raising local appraisals; staff described program mechanics, limits and partner financing options.
The Paducah City Commission on Nov. 25 introduced an ordinance to replace the pilot South Side housing incentives with an expanded program offering homeowner reimbursement grants and developer gap financing to stimulate single-family construction and major rehabilitation in the South Side revitalization area.
Palmer (staff) described the homeowner program as a 30% reimbursement of eligible project costs with a maximum award of $30,000 per…
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