Commission directs staff to develop housing-incentive programs for North Prairie addition
After a presentation of JDA housing statistics showing recent new construction and appraised-value impacts, the commission directed staff and the city attorney to draft options for lot-purchase reimbursement, lot-price incentives, and builder assistance, with legal review and budget estimates to follow.
The full story
Staff presented data from the JDA showing 46 new home construction projects supported by the housing-incentive program and used those figures to sketch incentive options for the North Prairie addition. Proposals included reimbursing lot purchase cost (lots priced at $1 per square foot), pairing city incentives with existing JDA $20,000 grants, and setting a cap or timeframe on reimbursements to prevent land speculation.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.