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Preston unveils housing incentive plan

Fri, Feb 27th, 2009
Posted in Court

The City of Preston has created a housing incentive plan to encourage the purchase of new or existing homes, as well as the remodeling of existing homes. The plan goes into effect March 2.

According to Preston Economic Development Authority Coordinator Cathy Enerson, the plan will act as a catalyst to attract new families to Preston.

The Preston EDA has authorized up to nine applications for approval in 2009.

The incentive plan includes utility rebates and credits, reduction in fees, golf memberships and pool passes, as well as Preston Bucks that can be spent in Preston.

Eligible applicants include any individual or family who is a first time residential homeowner to the city and either purchases an existing home, rehabs an existing home in the city, or builds a new home.

A combination of entities have joined together to offer the housing incentive program, including Preston Public Utilities, Preston Park Board, Preston Tree Board, and the Preston Country Club.

"Preston is an outdoorsman's paradise, with the trout streams and trails," Enerson said. "It's a great community with an excellent school system."

The plan will fund three applications for up to $3,385 for new construction; three applications for up to $1,990 for purchasing an existing house; and three applications for up to $1,430 for housing improvements.

Enerson looks forward to working with real estate firms, developers and buyers. Applications will be administered on a first come, first served basis.

Interested parties can obtain an application at Preston City Hall.

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