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Lindsborg council backs support resolution for Stockholm Homebuilders’ tax credit application
Summary
The council adopted Resolution No. 09‑2026 to support Stockholm Homebuilders LLC’s application for Kansas Housing Investor Tax Credits under House Bill 2289; the motion passed 5‑0. The measure signals local backing for a planned Stockholm Estates expansion.
The Lindsborg City Council on July 20 adopted Resolution No. 09‑2026 expressing the city’s support for Stockholm Homebuilders LLC to apply for Kansas Housing Investor Tax Credits under House Bill 2289. Councilmember Andrew Smith moved to adopt the resolution; Councilmember Larry Lysell seconded and the motion passed 5‑0 by voice vote.
City staff told the council that the Kansas Housing Resources Corporation previously allocated $400,000 to the Stockholm Estates development on April 23, 2020, and an additional $120,000 on March 29, 2023, to reduce home sale prices and reach moderate‑income targets. The resolution affirms findings from housing studies and the development’s existing RHID work so the developer can apply for the $30,000 per‑unit Housing Investor Tax Credit (about $27,000 off the sale price per unit as described by staff).
