FALL 2012 The Home Builders Association of Greater Springfield is the voice and advocate for construction professionals leading the way to protect and promote housing and preserve the American dream of home ownership.
Rogersville Extends Impact Fee Discount L o o k
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n hopes of boosting home building, the Rogersville Board of Aldermen approved a proposal to cut the city’s water and sewer impact fees by 75% through August 31. Water and sewer impact fees in Rogersville
Rogersville is an amazing example of setting the stage for recovery success. range from $1,500 to $2,600 per house, depending on location. Recently, the Board approved extending that discount through the end of 2012. “Rogersville is an amazing example of setting the stage for recovery success,” said HBA CEO Matt Morrow. “They’ve done their homework and have taken conservative, fiscally responsible steps to position themselves as a quality, affordable and welcoming community in which to build homes. That will attract both the type of residential and commercial development this community wants.” Morrow went on to point out that Rogersville hasn’t been passive during the down economy, simply hoping things will turn around. “They’ve been busy improving the infrastructure to handle additional growth.” HBA Board President Matt Bailey believes the fee reduction is truly a significant tool in attracting home building and keeping the American Dream obtainable. “In our area, for every thousand dollars added to the cost of the median-priced home ($171,430), 512 families no longer qualify for financing,” said Bailey. “That means lowering pre-construction costs by even a thousand dollars can make a real difference in a family actually being able to buy that home.” Bailey went on to say that the HBA has developed a web tool (lookB4Ubuild) to help potential home owners and builders consider pre-construction costs and shop for the best place to build. “LookB4UBuild.com offers an opportunity to compare pre-construction costs among cities and counties in a 10-county area,” Bailey said. “A recent study by National Association of Home Builders’ economists found that 25% of the cost of a single-family home is attributable to government regulation. For the full article please go to: http://bit.ly/rogersvillefees
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