KXNT’s Mitch Kelly reports on efforts in Clarke County to incentivize the construction of new affordable housing.
The Clark County Commission on Tuesday supported the creation of a Local Housing Trust Fund and other programs that will create incentives for new affordable housing developments and preserve existing affordable housing for very low-income households.
A very low-income household has an annual income at or below 50 percent of the area median income. For a single person household, the annual income would be at or below $24,550; and a family of four would have an annual income at or below $35,050.
The new initiatives also include efforts to streamline land-use and permit approvals, create an affordable housing land bank, and establish rebate programs for government and utility fees on new construction of affordable housing.
Read more here.
Managed by Immediate Bitwave
