Frontier Development Group housing project – 101.5 K-Rock Manhattan's Real Rock https://1015krock.com The Flint Hills Real Rock Wed, 04 Dec 2024 18:43:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://i0.wp.com/1015krock.com/wp-content/uploads/2022/01/krock-fb-logo.jpg?fit=32%2C32&ssl=1 Frontier Development Group housing project – 101.5 K-Rock Manhattan's Real Rock https://1015krock.com 32 32 43031150 City approves tax incentives for 3 housing developments https://1015krock.com/city-approves-tax-incentives-for-3-housing-developments/ Wed, 04 Dec 2024 18:43:32 +0000 https://1350kman.com/?p=429803

The applications passed on a vote of 4-1, with Commissioner Karen McCulloh voting against because she didn’t support one of the projects.

The developments are now reinvestment housing incentive districts, part a state program meant to help developers build housing by returning the incremental property tax increases to the developers as reimbursement for the cost of putting in public infrastructure.

Tyler Holloman from Frontier Development Group applied for an RHID to build 26 townhome units on Little Kitten Avenue with a tax abatement of $1.95 million over 15 years. Gavin Schmidt of Manhattan Infill Housing LLC requested $498,600 in abatements over the course of 18 years to build six units at 300 North 11th St. Zac Burton of Burton Land Company LLC asked for $4.6 million in abatements over about 10 years to build 111 units in the northwest part of Manhattan.

To view the full article visit theMercury.com.

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