The program also allowed for reimbursement of water and sewer hookup fees.
The Cassgram reports increasing the stimulus was discussed and approved at the June Louisville city council meeting. According to the (pending) minutes, the housing stimulus grant was increased to $5.00/square foot up to $10,000 for new homes built within the city limits plus water and sewer tap fee reimbursement.
Up to $40,000 from the economic development fund was re appropriated to the housing stimulus.
When the housing stimulus grant concept was first adopted in March of 2010, Mayor Alan Mueller explained how it fits with economic development: “The home building process spurs the local economy. Some local workers may be hired, there will be money spent on local materials and workers spend money in town.”
A housing stimulus grant application was tabled until the next meeting. The plan will be amended to allow the city council to take direct action on the application and to have the application requirements changed.