Sauk Rapids to Create Incentive Program for New Homes
12 Sep 2022
The city is starting to run low on single-family lots with only about a two-year inventory left, with no new lots or subdivisions on the horizon.
The city staff has been working with Benton County on a housing program that would provide financial assistance to developers to install infrastructure for a new subdivision.
The county and the city have agreed to give a developer $15,000 per single-family lot that is created. The money would be split between the county and the city. The county would use its ARPA funds while the city would reduce fees.