Daytona

Effective today, the city of Daytona Beach is waiving all building permit and inspection fees in the city's core area for the next two years, as an incentive for owners to make much-needed improvements.

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The area is roughly four square miles bordered by Mason Avenue to the north, Shady Place to the south, and between Ridgewood Avenue and Nova Road.

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There are homes and businesses in desperate need of improvement but owners may be deterred by costs. That's why city commissioners recently voted to waive building permit and inspection fees for commercial and residential properties for the next two years.

"The process of getting the permits, that's often discouraging to people fixing up their property," Deputy City Manager Jim Morris said.

There is an even bigger incentive plan about to go online for owners in that core area. A funded grant program where the city will pay 100% up to $10,000 for business and home improvements.

"Something like this has never been done before in Daytona at this level in terms of waiving fees and providing a 100% grant for people to improve their property," Morris said.

Officials say there has been dramatic development to the west in the city with projects like Margaritaville and the beachside is slowly being refurbished. The city's center has struggled. Leaders think financial incentives could be a game-changer.

"Hopefully it has a magnifying effect and helps the community at large to not only have a better looking place to live, a more attractive place to come to and maybe some repopulation in parts of the city where, quite frankly, population has thinned out," Morris said.

The permit and inspection waiver is effective immediately. The grant revitalization program will be formally announced soon.

READ THE FULL STORY: Daytona Beach is offering property owners incentives for making renovations

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Source : https://www.msn.com/en-us/finance/realestate/daytona-beach-is-offering-property-owners-incentives-for-making-renovations/ar-AAPO0Wj

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