At Tuesday morning’s county commission meeting, the commissioners discussed establishing a Reinvestment Housing Incentive District (RHID) somewhere in the county. According to the Kansas Department of Commerce, RHID is a program designed to aid developers in building housing within communities by assisting in the financing of public infrastructure improvements. RHID captures the incremental increase in real property taxes created by a housing development project for up to 25 years. The revenue can be used for reimbursement for incurred costs or to pay debt service on bonds.
Read more: – Latest Stories
Read more: – Latest Stories
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