Following completion of a housing study specific to Derby, presented to both the planning commission and City Council in the past month, two major needs were outlined in the community. The study showed a rather unique market need for homes targeted to households making more than $75,000 annually – as well as a more common demand for availability of units for households with an annual income below $25,000. In conjunction with the city’s comprehensive plan and eligibility for new programs, the housing study was completed to help the city determine ways to address both of those needs. City Planner Scott Knebel noted that a number of subsidy programs exist to help develop housing for lower income households, outlining those opportunities in a recent report to the council – while also pointing out their underutilization in Derby.
Source: Derby Informer | News
