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Commission asks staff to draft proposal for Attainable Housing Facilities Act zone
Summary
Commissioners reviewed a program that provides tax exemptions of one to 12 years for rental properties of up to four units and recorded that 'Kyle agreed to prepare a proposal' on the Attainable Housing Facilities Act for the next meeting.
The commission reviewed a brief description of the New Kingsford Residential Block Re-Development Attainable Housing Facilities Act program, which the minutes state "Provides Tax Incentive to Owners of Rental Housing Properties with not more than four units to enable renovation and entitles the facility to receive a tax exemption from 1-12 years." No ordinance or formal application was adopted at this meeting.
According to the minutes, a participant named Kyle agreed to prepare a proposal for the Re-Development Attainable Housing Facilities Act Zone for consideration at the next meeting. Commissioners recorded the program description and asked for a staff or proposer draft to be presented at a future meeting.
