Affordable housing expert Nick Mitchell-Bennett gives his views on Brownsville's proposed Capital Recovery Fee program
BROWNSVILLE, TEXAS - Affordable housing expert Nick Mitchell-Bennett spoke about the City of Brownsville’s proposed Capital Recovery Fee program at a public hearing held at city hall on Jan. 16.
The plan is to impose a one-time charge on developers as they begin new projects. The fees raised would go towards roadway improvements. Certain exemptions are being built into the program, such as affordable housing projects and extensions to legacy businesses, which are defined as those based in Brownsville for a minimum of five years.
Mitchell-Bennett is CEO of CDCB (Come Dream, Come Build). Here is an audio recording of what Mitchell-Bennett said at the public hearing:
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