The City recognizes the need to provide affordable housing in order to create and maintain a diverse population and to provide housing for those who live or work in the City. Since the remaining land appropriate for new residential development is limited, it is essential that a reasonable proportion of such land be developed into affordable housing units.
Grant Available to Apartment Owners
Property Tax Reduction and Rehab Grant
Are you a rental property owner of buildings with four or more units?
Do your rents for at least 20% of your units qualify as affordable at the 60% AMI level?
Would you like to reduce your property tax capacity from 1.25% to .75% to save on your property taxes?
Are you interested in receiving grant funding to make energy efficient improvements?