Supervisors support Eagle Grove tax credit program for housing

At the Monday meeting of the Wright County Board of Supervisors, Eagle Grove City Administrator Bryce Davis spoke via Zoom asking for support for a Residential Development and Workforce Housing Tax Credits for the City of Eagle Grove.  He explained that currently it is not feasible to build rentals in Wright County as it costs around $100,000 per door. He added that the level building rentals becomes prudent is at $45,000-50,000 per door. One way to make this possible is through using a tax credit through the Iowa Economic Development Authority.