An apartment housing developer is one step closer to a project in Jefferson.

The Jefferson City Council approved the third and final reading at their most recent meeting to change a zoning ordinance for 403 West Head Street from light industrial to multi-family residential. The zoning change allows KCG Companies to take the next steps in building a 40-50 unit apartment building. 

City Administrator Scott Peterson says KCG will apply for tax credits to build their low to moderate income apartments, which is administered and awarded by the state. He points out the city will continue to be involved, including reviewing their site plan and drainage designs, and building permits. Peterson notes another supportive effort the Council approved a few years ago was creating a ten year tax abatement for multi-family housing projects.

“And really no qualifiers associated with that for new multi-family construction, ten year tax abatement is allowed. KCG has applied for that tax year tax abatement. As we proceed forward through this project, then we would proceed forward with the notion that this abatement would be in place.”  

Peterson appreciates all of the work and time the Council members have given to this topic.

“Yeah I do give the City Council members a lot of credit. Really for their dedication to the issue and their dedication to hearing out the public in all of those aspects.” 

The third reading passed 4-1, with Council member Chad Sloan being the lone “no” vote. Peterson adds if KCG is awarded the state tax credits by July, then construction could start next spring.