Housing Programs
In order to maintain existing housing units and promote new housing development, the City has implemented several programs to encourage the construction and remodeling of homes.
Tax Abatement
Newly constructed homes or remodeling projects may qualify to receive a (100%) exemption from taxation on the actual value added by the improvements up to a maximum of $75,000.
Housing Initiative Program
Since January 1, 2015, the Palo Alto County Gaming Development Corporation (PACGDC) has awarded approximately $57,000 in demolition grant funding to cities in Palo Alto County, with several more demotion projects pending completion. PACGDC also reports one completed housing construction project with another pending Housing Initiative Grant Application in the County worth a total of $30,000.