Homebuilders reminded to enroll in incentive program by March 1

Press release
Posted

Large-volume homebuilders are encouraged to enroll in the Town's Homebuilder Volume Incentive Program by March 1, to participate this year. This is the second year the program has been implemented.

In December 2010, Town Council voted to endorse a homebuilder incentive program for 2011 and beyond.

The program is designed to encourage homebuilding activity, which would benefit both the builders and the Town.

To qualify, the homebuilder must submit and pay all fees on 80 or more single family permits during the year. Once this is met, the builder qualifies for $550 in use tax rebates per home for up to 120 homes. The rebates are then distributed by March 1 of the following year.

This year, Richmond Homes will receive a rebate of $40,150.

"We're continually looking at ways to boost Castle Rock's economy," said Charles Montoya, finance director. "We want to create an environment or an incentive that drives more companies to do business here."

Questions? Contact Director of Finance Charles Montoya at 720-733-3560 or cmontoya@CRgov.com.

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