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    You are at:Home»Local News»Riley County considers policy for incentivizing ‘affordable’ housing

    Riley County considers policy for incentivizing ‘affordable’ housing

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    By KMAN Staff on December 12, 2024 Local News

    By Emma Loura

    Riley County’s budget and planning committee on Monday presented a policy for incentives intended to entice developers build affordable housing.

    The committee members proposed Reinvestment Housing Incentive District policy. The RHID captures the increase in property taxes created by the development for up to 25 years.

    Brittany Phillips, county budget and finance officer, presented an overview of the RHID policy at Thursday’s county commission meeting. The county commissioners did not take votes on the matter Monday, as it was their first time looking at the proposal.

    To view the full article visit theMercury.com.

    For more local news click here.

    Affordable housing policy City ordinance approval County budget and planning committee Developer incentives Economic and financial considerations Housing affordability guidelines Housing development incentives Kansas housing incentives Local government housing policy Property tax increment financing Reinvestment Housing Incentive District (RHID) Residential property appraisal Residential TIF district Riley County affordable housing Riley County Commission USD 383 veto power
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