Incentives to help housing expansion in Dodge City
Associated Press - March 22, 2014 1:54 pm
A monthly survey of bankers suggests the economy will remain weak in rural parts of 10 Midwestern and Western states because of low grain and oil prices.
The tight housing market in Dodge City is poised to ease a bit for potential buyers and renters.
The City Commission has approved an estimated $2.2 million worth of state incentives for two major developments.
One will consist of 65 duplex, quadplex and triplex homes that are expected to sell for between $140,000 and $160,000. The other project is an 11-building complex of 132 apartments expected to rent for $700 to $900 a month.
The developers will be assisted by the state’s rural housing incentive program. The program diverts the difference in property taxes between existing land and a finished project toward infrastructure expenses, including utility hookups.
Dodge City officials say such costs have hindered housing development in the past.