Notice of Public Hearing Designation of Residential Target Area

The Lacey City Council is scheduled to hold a public hearing on January 21, 2025, shortly after 6:00 p. m. , focusing on the designation of a residential target area for a multi-family tax exemption. This initiative seeks to encourage affordable housing development in the area by offering financial incentives to developers willing to create multi-family units. Community participation is highly encouraged, with residents given the opportunity to voice their opinions and concerns during the hearing.

The proposed tax exemption is aimed at addressing the growing demand for diverse housing options, particularly in light of Lacey's expanding population. By designating a target area for this incentive, the city aims to foster a more inclusive and economically diverse community. The outcome of the hearing will have important implications for future housing projects and local economic development. This public engagement effort underscores the city council's commitment to transparency and community involvement in decision-making processes. Overall, this initiative represents a proactive approach to tackling housing challenges in Lacey.