New ordinance would encourage affordable housing

New ordinance would encourage affordable housing

Oxford officials are considering a new program that would provide tax incentives to developers and property owners who offer affordable rental housing within the city. The Oxford Board of Aldermen recently heard the first reading of a proposed ordinance that would create the program. A second reading and public hearing are scheduled for 5 p.m. on March 17 at City Hall. If approved by the board, the measure would also require approval from the La…