KINGSPORT — The city of Kingsport is working out the final guidelines and parameters of its high-end housing incentive program, recently meeting with a group of local home builders to get their input on the viability of the idea.
Assistant City Manager for Development Jeff Fleming said the city is looking to have the guidelines finalized next week and the program in place by late November or early December.
Kingsport has dubbed the new incentive as the “Professional Housing Stimulus Program.”
The apparent lack of high end housing in the Model City has come to the forefront of the Board of Mayor and Aldermen’s agenda in recent weeks, following a Times-News story that included a comment about how many relocated Eastman Chemical Co. employees are choosing to live outside the city limits rather than inside.
In less than a month, city staff had drafted two proposals to help stimulate developers and home builders into building more high end houses to meet the upcoming need, especially given how Eastman plans to add 300 jobs to its rolls over the next seven years.For an expanded version of this article, please see Sunday's print edition or our expanded electronic edition.