The City of Mountain will now offer the builders of single-family homes cash back as an incentive to spur development.City Council members voted 5-0 with two
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.