A plan for the City of Mountain Home to offer cash back for building single-family residential housing inside the city will be discussed Thursday night by the Mountain Home City Council. The Council will meet at 6 p.m. at City Hall.
For new single-family construction within the city limits on currently existing improved lots within an existing platted subdivision, the city would offer one-time payment of 2% of the estimated cost of construction listed on the building permit to the permit holder.
For example, a permit issued with an estimated cost of $150,000 would generate a $3,000 payment to the permit’s holder. If the permit has an estimated cost of $250,000, the permit holder would receive a $5,000 payment.
The resolution establishing the program notes that demand for single-family housing has increased significantly within the city limits and that the city needs to incentivize the development of new residential housing.
The payments would not exceed $7,000 each and the city would set a cap of $100,000 to be paid to permit holders for the remainder of 2021. A cap for 2022 would be set in the 2022 budget.
Other items on the City Council’s agenda include a discussion regarding the property at 1207 Rossi Road, a resolution designating Mayor Hillrey Adams as the city’s representative for making appointments to the Baxter County Equalization Board, and a request to transfer K-9 Harmon from the Mountain Home Police Department to the Ward Police Department.
Also on the agenda is a request for an additional $17,436 to be paid from the Water/Sewer Depreciation Fund for the Indian Creek Lift Station rehabilitation project. The original requested amount for the project was $225,000, but the lowest bid came back at $242,436.
Mountain Home City Hall is located at 720 S. Hickory Street.
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