Community Improvement Plan amendment adopted
Amendment No. 1 to the Community Improvement Plan adds new housing incentive programs and updates grant caps, eligibility rules, and repayment conditions.
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Amendment No. 1 to the Community Improvement Plan now includes updated housing-focused incentive rules, including a Construction Costs Matching Grant cap increased from $5,000 to $7,500 and a new Rental Housing Retrofit Program for multi-unit residential rental buildings with at least 4 legal rental housing units. The Affordable Rental Housing Unit Program was also expanded with a 20-year grant period, a minimum 15% affordable-unit requirement, and repayment conditions if affordability is lost; the program now sets annual Tax Increment Grant amounts of $2,000, $3,500, or $5,000 per unit depending on the affordability level.

