Horicon Looking To Add Much Needed Housing

(Horicon) Two proposed projects in Horicon could bring in much needed housing. The city has struggled post the Great Recession to bring in housing construction projects. Since 2008, there have been only six new single-family homes and eleven new two-family housing units built in Horicon. Meanwhile, the employment base has grown, most notably with John Deere’s expansions in 2016 and 2018 which created 90 jobs.

Valido Homes of Columbus is proposing to construct 36 single-family homes and five duplexes on 25 acres of property in the partially complete Cityview subdivision on the city’s west side. Another developer, Premier, also has proposed building 36 rental apartments as part of Valido’s project. Mayor Jim Grigg says they need to be able to offer homes to those who work in the city. He says a work manager at John Deere has said they have people come forward and say there is not enough housing available in Horicon.

The proposed projects are in Tax Increment District #4 and both developers have requested assistance to close financial gaps to help cover infrastructure costs. Grigg says the TID is near the end of its statutory life, so neither project will generate enough tax increment within the district’s remaining life to cover the gaps. However, he says there is a positive. Grigg says the TID only has two years of increment left and expires in 2028. He says a benefit of that is whatever is built now will immediately go on the tax rolls in 2028. If built, the projects would create $13.5-million-dollars in new tax base.

Horicon has asked for $1.2-million-dollars of Dodge County’s $17-million in American Rescue Act funds to help pay for infrastructure costs. County leaders have not decided what amount they will give Horicon as they set a February 1st meeting to discuss all ARPA funding allocation.