City discusses industrial revenue bonds as support for low-income housing
Manhattan City Commissioners provided feedback Tuesday to city staff on potentially using industrial revenue bonds (IRB’s) to fund future rental housing development projects. City staff are refining a draft policy that would give the city some clarity on certain projects targeting specific projects and areas of town for infill and rural housing incentive districts. Commissioners discussed possible criteria for the housing, including location, type and number of units. Commissioner John Matta says location is key. Commissioner Karen McCulloh says understanding limitations on number of units needs to be prioritized. Commissioner Peter Oppelt says construction time is another important criteria to consider. Mayor Wynn [...]