TOPEKA (KSNT) – The Topeka City Council has agreed to move forward with a new housing incentive it hopes will spur future economic growth.
With a growing demand for housing, a recent study found that more homes are needed to stimulate future economic growth and city development. Tuesday’s decision sets the stage for the city to offer financial incentives to homebuilders interested in underdeveloped areas of the city. City leaders believe this will result in an increase in the housing stock in the community.
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The city already has its first applicant. The Mission Ridge subdivision would create 48 duplexes and 92 single family homes. This will be on 29 acres of vacant land at the intersection of 41st and Wanamaker.
“What happened tonight is a subdivision in southwest Topeka that will now go to a Commerce Department for consideration,” Topeka city manager Stephen Wade said. “Once it is reviewed by the state Department of Commerce, it will now return to the governing body for consideration which we will vote on.”
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Wade says this should happen in late March or early April.
