Ordinance passed to amend residential community reinvestment area for multi-family developments.
Official Courthouse Record · AI-summarized for clarity
What You Should Do Next
- 1
Review the Ordinance
Read the full text of Ordinance No. 2026-5 for detailed provisions.
- 2
Contact Housing Officer
Reach out to the designated Housing Officer for application procedures by March 2026.
- 3
Prepare Project Plans
Ensure your project meets the $5,000,000 investment requirement before applying.
Frequently Asked Questions
- What is the purpose of the ordinance passed in Silverton?
- The ordinance amends the residential community reinvestment area to encourage multi-family development.
- What is the investment minimum for tax exemptions under this ordinance?
- The minimum project investment required is $5,000,000.
- How long is the tax exemption period for qualifying properties?
- The tax exemption period is fifteen years for qualifying improvements.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
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