Elkhart will soon add 86 single-family homes on its northeast side.
They’re working to tackle a growing housing shortage.
Tax Increment Financing (TIF) is supporting the addition, with the city helping fund $7 million in infrastructure improvements.
TIF is expected to generate about $3.1 million for the project, reducing the cost by roughly $40,000 per lot according to WSBT.
The Boulder Run subdivision will include homes between 1,200 and 1,500 square feet, priced between 300 and 400 thousand dollars. Construction for the subdivision is set to start next year, but utility work will begin in the next six months.
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Congratulations Elkhart! Now you get to start subsidizing $400,000 homes.
To be honest, this is a good thing. If a government program costs to much to provide to everybody, it costs to much to provide to anybody. Means testing is the other side of the progressive tax structure scam.
It’s time people started noticing.