The Village has acquired a number of lots that could be for single-family homes including modular homes as advocatepress tells MHProNews.. For ten years the Village of Dieterich has been implementing a similar plan that has resulted in significant residential development. Clay City intends to be more aggressive in its approach to upgrade the housing stock as well as increase the student population.
The RHIP can work at several different levels, and can include the Village donating land for a home, offer a grant for a a new home, provide a sales tax exemption on building materials and offer a property tax rebate on future taxes.
Through the Village’s Tax Increment Financing District and Enterprise Zone program, Clay City can provide over $30,000 for a project. The Village Plan Commission is looking forward to the development it can induce. ##
(Photo credit: shutterstock–modular home being sited)
