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City of Clinton Continues to Lay Ground Work for Housing Development

The City of Clinton continued its efforts to expand local housing, moving forward with new incentives to attract developers and accommodate the County's industrial growth.

 

On the WHOW Morning Show Wednesday, City Administrator Tony Harris told the Hart Media Group while these efforts have been underway for nearly a year, the City is still in the early stages of laying the groundwork for significant residential development.

 

 

 

A primary focus of the Council's action was the approval of inducement resolutions. These non-binding agreements allow developers to potentially tap into Tax Increment Financing (TIF) funds if their project falls within the boundaries of a TIF district. Harris notes these incentives are often the first thing builders ask for when considering building in a community.

 

 

 

These agreements signal to the developers the City is open for business. By passing the inducement resolutions before land is purchased, Harris says the City ensures that developers remain eligible for TIF assistance, which can help offset critical infrastructure costs like water and sewer connections.

 

 

 

According to Harris, the City is also working with a consultant to formally establish a new TIF district. Harris explains defining these boundaries is a complex process that requires ongoing coordination with local builders and planners.

 

 

 

This will continue to be an ongoing process to establish TIF districts, but Harris hopes to have dirt moving later this year.

 

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