County explores mortgage and sales tax waivers for housing initiatives

January 06, 2025 | Kingston, Ulster County, New York


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County explores mortgage and sales tax waivers for housing initiatives
During the Kingston Community Development Advisory Board meeting on January 6, 2025, discussions centered around potential financial incentives aimed at enhancing housing development in the area. Board members highlighted the importance of exploring various options to address the growing housing demands in Kingston.

One significant topic was the proposal to seek waivers on mortgage and sales taxes during construction. This initiative aims to alleviate some of the financial burdens associated with new housing projects, making it more feasible for developers to invest in the community. The board emphasized the need for a collaborative approach, suggesting that a workshop be convened to further explore these options and develop a comprehensive strategy.

Members expressed a strong consensus on the necessity of expanding housing opportunities. However, there was also a cautionary note regarding the current allocation of resources, which is presently focused on a narrow aspect of housing possibilities. The board acknowledged that while the current funding is limited, there is potential for adjustments in the future to broaden the scope of housing initiatives.

In conclusion, the meeting underscored the board's commitment to addressing housing challenges in Kingston through innovative financial strategies. As discussions continue, the board aims to refine its approach and ensure that a diverse range of housing options is available to meet the needs of the community.

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