(PRESS RELEASE) The Bryan City Council has approved a program which offers incentives to home-builders to construct residential homes in the target range of 2,200 to 3,000 square feet of heated and cooled area within the Bryan city limits.
The agreement is for 2014 and waives fees associated with new home construction for as many as 30 to 40 homes. Fees waived would include water and sewer tap fees, and fees for building permits. The Council does reserve the right to limit the time period on waived fees for building permits.
In the past five years, the City of Bryan has issued an average of 27 permits annually for homes built in this target range. Permits for smaller and larger homes have outpaced those in the incentive target range each year.
"The building incentive for new homes in the target range will positively contribute to the economic development of the city in both a direct and indirect manner," said Kevin Russell, Director of Economic Development Services. "We hope home builders will take advantage of this program and build homes in this size range, which will help the City attract new retail to expand the tax base."