KXNT’s Mitch Kelly reports on efforts in Clarke County to incentivize the construction of new affordable housing.
The Clark County Commission on Tuesday supported the creation of a Local Housing Trust Fund and other programs that will create incentives for new affordable housing developments and preserve existing affordable housing for very low-income households.
A very low-income household has an annual income at or below 50 percent of the area median income. For a single person household, the annual income would be at or below $24,550; and a family of four would have an annual income at or below $35,050.
The new initiatives also include efforts to streamline land-use and permit approvals, create an affordable housing land bank, and establish rebate programs for government and utility fees on new construction of affordable housing.
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