News Flash

City News

Posted on: September 14, 2014

DEMO/REBUILD: New incentives give homebuyers even more reason to build new homes

New construction

FARMERS BRANCH ~ New "Demo/Rebuild" rules give homebuyers even more incentive to replace older homes with newer ones.

The availability of quality housing stock in the City of Farmers Branch encourages the retention of businesses, attracts new businesses, and promotes expansion of existing businesses to and within the City. In turn, quality housing stock will stimulate growth, create jobs, and increase property and sales tax revenues.

In an effort to accomplish this, the City Council enacted a Residential Demolition/Rebuild Program pursuant to Chapter 380 of the Texas Local Government Code to encourage the redevelopment of existing single-family detached residential properties with the construction of new, higher value, single-family detached residential structures.

The Council recently enhanced this program by establishing two incentive options: One, to provide up to $5,000 for the cost of demolition and a seven (7) years municipal tax rebate, and two, to provide a municipal tax rebate up to 10 years with the option of advancing 50% of the estimated municipal tax increase upon receipt of permanent financing.

Policy & Application
Facebook Twitter Email

Other News in City News

grocery-shopping

Shopping Hours listed for Seniors

Posted on: March 24, 2020
2020 Census graphic

Get ready for Census Day, coming April 1

Posted on: February 7, 2020
Sister City Delegation

Sister City program plans summer sojourn

Posted on: February 21, 2020
FBPD Badge

Citizen Police Academy to begin March 19

Posted on: February 7, 2020
Firehouse Theatre front entrance

Firehouse leaps into professional ranks

Posted on: January 22, 2020
wooden judges gavel image

Night Court starts January 21

Posted on: January 9, 2020
Branch Alert graphic

FBPD moves notifications to Branch Alert

Posted on: November 1, 2019
FB Recycles

RECYCLING: What can be recycled?

Posted on: February 5, 2016