Attractive Incentives For Housing Development
Progressive Evolution Demands Housing
With ambitious leadership and a strong partnership between the City, Pittsburg State University, and local businesses, Pittsburg is driving the greatest investment in economic development the City has ever seen. With this evolution comes a very basic and important need – homes.
Since 2013, Pittsburg has experienced:
- More than 1,700 new jobs with another 400 planned by the end of the year
- Over $500 million dollars of investment
- 10% average wage increase
Pittsburg currently has four housing developments underway, including a 55-and-over, maintenance provided retirement community, two planned residential developments and a third getting ready to start.
This kind of change and growth in Pittsburg supports professionals with good-paying career opportunities and creates demand for a variety of housing types. The City has incentives for all housing categories, with a particular emphasis toward the development of neighborhoods of high-quality single-family homes.
The City of Pittsburg, along with its Housing Department, continue to be motivated and are actively seeking additional partners in residential housing development. They are ready to go above and beyond to minimize risk to the right partner and may:
- Provide land at little or no cost, including access to the Land Bank
- Fast-track the removal of bureaucratic obstacles
- Coordinate federal and state incentive programs
- Customize incentives to the specific needs of development partners
- Consider ideas for new construction methodology and approaches
- Partner in consumer marketing to drive lot sales
This initiative is further supported by the Imagine Pittsburg strategic plan, which has established housing as one of four focus areas.
High Demand? Here’s Why.
In addition to the aggressive investment in economic development, which will continue to drive increased demand for housing, survey’s shows that Pittsburg is already feeling the impact of the shortage of affordable quality homes.
- Two-thirds of Pittsburg’s workforce live outside of Pittsburg and commute to the city each day
- 53% of respondents said that the reason they don’t live in Pittsburg is because of housing issues
- 75% of the Pittsburg workforce who earn over $90,000 annually, live outside of the city
A housing study conducted by Novogradac & Company in 2014 reported, “a lack of moderately priced homes in the area, where residents are either forced to wait a year for a home to be built, or they have to reside outside of Pittsburg to find quality moderately priced housing.” The study provided ten recommendations which include expanding the supply of moderate income housing and establishing neighborhood associations and planned subdivisions. While this effort is well underway, Pittsburg’s growth is outpacing the supply of homes.
A shortage of moderately-priced homes combined with the largest investment in economic development the city has ever seen creates a significant opportunity for a variety of housing developments. The City is being aggressive and continues to talk to prospective developers.
RHID Eligibility Reduces Risk to Developers
Pittsburg has a qualified Rural Housing Incentive District (RHID) which will capture 100% of the incremental increase in real property taxes and reimburse those funds to the developer over a 25 year period. RHID reimbursement will offset certain land acquisition costs and multiple infrastructure costs.
Director of Community Development & Housing
201 W. 4th St.
Pittsburg, KS 66762
Fax: (620) 232-3453