Posted: August 02, 2023
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF080223-16 - Approve Resolution No 2023-066, a Resolution to provide a building permit fee waiver program for qualifying affordable housing projects

Agenda Item Title:

LF080223-16 - Approve Resolution No 2023-066, a Resolution to provide a building permit fee waiver program for qualifying affordable housing projects

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/02/2023
City Council Hearing Date:
08/07/2023
Petitioner:
Community Development
Staff Contact:
Sarah Hanzel, Planning Projects Division Manager
Agenda Item Summary:
In 2019 the Rapid City Council approved Resolution 2019-070, a Resolution Adopting the Rapid City Affordable Housing Policy. This Resolution established a starting point for goals and objectives related to local affordable housing policies. One of the targeted strategies was to provide incentives and/or reductions for qualified affordable housing development building permit fees. Since that time, staff has developed the proposed Resolution to waive building permit fees for low income housing developments, as defined below. The proposed Resolution leverages partnerships with other low income housing funding partners, such as the South Dakota Housing Development Authority, and is expected to assist in making Rapid City projects more competitive for grant dollars.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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