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Park City council renews housing incentives, approves $200,000 for 2026
Summary
Council voted to continue four housing incentive programs and approved $200,000 for the 2026 program year; staff reported 32 homebuyer incentive applications in 2025 and suggested future consideration of reducing the property-tax reimbursement from 75% to 50%.
The Park City Council voted Jan. 13 to continue its suite of housing incentive programs and approved a $200,000 allocation for 2026 from the general fund.
City staff outlined four programs: a new homebuyers incentive that includes an initial payment (between $2,500 and $5,000 depending on purchase price) plus a reimbursement of a share of the city portion of property tax for up to five years; an exterior grant program; an exterior paint…
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