Sedgwick City, BOE talk about forfeiting taxes for new housing
Sedgwick City Administrator Kyle Nordick proposed using a Reinvestment Housing Incentive District (RHID) for new housing on South Commercial to the USD-440 Board of Education members Monday evening. Nordick said that an RHID is used to stimulate the construction or rehabilitation of housing in communities where there is a lack of quality housing options. He said it can make it more financially viable for developers to build new houses in areas where cost burdens may present a barrier to entry. In short, what an RHID would do is allow the property taxes from new housing to be used to pay for [...]