City of Fort Pierce Establishes an Infill Lien Reduction Program Designed to Spur Development of Vacant Lots Throughout the City
The City of Fort Pierce is excited to announce the establishment of an Infill Lien Reduction Program to encourage new construction on vacant property throughout the entire city. The program promotes reinvestment and revitalization of vacant infill properties by providing the property owner relief from the liens levied prior to their ownership in exchange for the development of that vacant parcel.
Once liens and accrued interest approach or exceed the value of a property, there is limited economic incentive to redevelop the property and the blighting influence of the property can continue. This program was created to encourage private investment and to improve blighted vacant properties within the City of Fort Pierce that have existing code enforcement or nuisance abatement liens.
To be eligible for the program, the property must be an infill vacant lot within the city limits of Fort Pierce with no active code enforcement or nuisance abatement cases against it. The applicant must also affirm that they were not an owner or affiliated in any way with the property at the time the liens were originally recorded. Via development agreement, the City will waive all soft costs associated with the liens and provide a 50% refund of the hard costs paid. There will be specific time parameters associated with obtaining building permits and completing the new residential construction to be eligible for the refund. This program will be available on an individual basis.
For more information about the program, visit: https://cityoffortpierce.com/1032/Infill-Lien-Reduction-Program or contact the City Manager’s Office at email@example.com