Incentives to help housing expansion in Dodge City
Associated Press - March 22, 2014 1:54 pm
The lower-than-anticipated collections were disclosed Tuesday in the state Department of Revenue's monthly preliminary revenue report.
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.