Low-income senior housing added to development plans for former Kmart in Fargo inforum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inforum.com Daily Mail and Mail on Sunday newspapers.
In all, the programs have tax exemptions of $455 million on businesses and homes, accounting for 3.2% of Fargo s total citywide property value of $14 billion, according to City Strategic Planner Jim Gilmour. Half of the breaks go to businesses and the other half go to renters and homeowners.
Commissioner Arlette Preston suggested studies to gauge the success of the eight programs to identify any gaps. Commissioner Dave Piepkorn floated the idea of developing other incentives to help grow affordable housing for low-income and elderly residents.
Mayor Tim Mahoney floated the idea of hiring a consultant to review existing incentives and assess whether the city is using them effectively.