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5 IN 5 HOUSING INFILL DEVELOPMENT PROGRAM <br />GUIDELINES, CRITERIA & APPLICATION FORM <br />CITY OF PARIS, TEXAS <br />Revised July 25, 2022 <br />I. GENERAL PURPOSE AND OBJECTIVES <br />The City of Paris, working with our local government partners, is seeking to provide a series of <br />builder incentives designed to encourage new home construction for the purpose of neighborhood <br />revitalization and the provision of work force housing. New home construction within the existing <br />interior of the community can have a positive effect towards reinvestment in our neighborhoods <br />by providing stability and enhanced character, as well as a means to expand our community's local <br />labor force. Focusing on the existing interior of the City allows the builder to utilize existing <br />infrastructure rather than the extension of costly streets and utilities in undeveloped lands at or <br />beyond the urban fringe. <br />To achieve this purpose, the City will offer a series of incentives: <br />1. Where applicable, the City will provide low cost residential lots in the Program Area in tax <br />foreclosure city receivership. If a builder obtains properties through other traditional means <br />within the Program Area, other incentives within this policy may apply. <br />2. The City will offer a five (5) year 100% residential tax abatement of City property taxes. <br />3. The City will offer reduced rates on building plan review and permit fees. <br />4. The City will offer reduced rates on labor charges on water and sewer tap fees. <br />The city staff will work with interested builders to identify parcels from a pool of tax sale lots in <br />trustee status to develop a list of properties that will be suitable for the construction of new <br />dwelling units. This may consist of single-family, two-family, medium density, or high density <br />residences. Prior to any construction occurring from which the builder is seeking incentives, the <br />builder will enter into an Agreement to be approved by the City Council for the construction of a <br />minimum of five (5) or more dwelling units on one (1) or more parcels. Each of the dwelling units <br />subject to the Agreement must be constructed under the terms of the agreement within five (5) <br />years from the date of the Agreement, unless such deadline is extended by subsequent approval of <br />the City Council. All parcels under the Agreement must be built upon within five (5) years to <br />satisfy the terms of the Agreement. Failure to achieve this goal will result in certain claw backs as <br />provided in the Agreement. All applications shall be considered on a first come, first serve basis. <br />There will be no income guidelines under this program for occupants of the dwelling units, whether <br />owner or renter occupied. In the event the applicant constructs a new dwelling unit and sells said <br />unit, the tax abatement shall lapse and be terminated as to that parcel unless the City Council <br />approves an assignment of the tax abatement agreement to the new owner. <br />Page 1 of 7 <br />