Champion Great Neighborhoods FY24 Q3 Champion Great Neighborhoods FY24 Q3

CHAMPION GREAT NEIGHBORHOODS Q3 UPDATE · FY 2024

• It ’ s Spring ! Time for Arlington Residents to Plan their Home Renovations with AHIIP
• Let ’ s Champion Great Neighborhoods ! Tool Sharing in Arlington Begins High Season
• Investing in Arlington Neighborhoods East Arlington Receives National Program Support
• Weather-Preparedness in Arlington
• 6th Annual Fish Creek Clean-Up a Success

It ’ s Spring ! Time for Arlington Residents to Plan their Home Renovations

Arlington ’ s Home Improvement Incentive Program Helps Residents Earn up to $ 5,000
The City of Arlington ’ s Home Improvement Incentive Program helps residents pay for major home improvements and energy efficient renovations that will increase the value of one of their most important investments .
Homeowners dreaming about a long overdue kitchen remodel , magazine-worthy bathroom renovations or other costly home upgrades could receive up to $ 5,000 from the City for their completed improvements . Projects involving the reconstruction or remodel must cost at least $ 20,000 and be completed within 24 months of project approval . All single-family residential homes in the City of Arlington are eligible for the rebate program , which launched in 2011 . But , before homeowners hire a contractor or head to the home improvement store , they must apply to the City and ensure their planned reconstruction or remodel project meets eligibility requirements .
How does it work ?
A one-time rebate equal to 10 times the amount of the increase in City property taxes will be paid to the homeowner based on the home ’ s pre-improvement and post-improvement appraised value . For the purposes of this program , the Tarrant Appraisal District determines the home ’ s certified value . If the property taxes owed to the City of Arlington increase by $ 200 after the improvements , for example , the homeowner would receive $ 2,000 . Rebates will be paid up to a maximum of $ 5,000 per home . ( Continued on next page .)
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