|
City of Brooks Residential New Build Incentive policy - Council discussed attainable housing in the City of Brooks. To encourage residential development they created a Residential New Build Incentive policy: Year 1 ‐ 100% reduction of Municipal Taxes Year 2 ‐ 75% reduction of Municipal Taxes Year 3 ‐ 50% reduction of Municipal Taxes Year 4 – 25% reduction of Municipal Taxes Qualifying period will be from June 19, 2023, to December 31, 2025. Applications must be received prior to construction commencement. If the property has a residential/commercial split, the incentive is only applied to the residential portion. New Builds include Site‐Built Homes; Modular Homes; or, Manufactured Homes.
|