Milford Local Incentives
Waiver of sewer, water and electric impact fees
Eligible projects may qualify for full or partial waiver of impact fees.
Waiver of building permit fee and other associated City fees
Waivers available for projects within the DDD.
Rehabilitation projects that increase the assessed value by MORE than 50% receive full abatement of City Taxes for 10 years. Rehabilitation projects that increase the assessed value by LESS than 50% receive partial abatement of City Taxes for 10 years. New residential or commercial construction will receive full tax abatement for 5 years. Properties converted from rental units to owner occupied housing will receive a full tax abatement for 10 years.
Realty Transfer tax waiver for first-time homebuyers
Waiver of City realty transfer tax for first-time homebuyers.
Land Installment Contract
Council may enter into installment purchase agreement with developer for sale of city owned land or development projects.
DMI Revolving Loan Fund
Revolving loan ($25,000) offers small loans to businesses below market rates.
Website: City of Milford
Phone: (302) 424-3712