The latest economic development update shows new homes and businesses in Cleburne.
Economic Development manager Grady Easdon presented the quarterly economic development update to City Council at its July 14 meeting. The presentation highlighted residential development and commercial progress for the past quarter.
“While we are certainly in uncharted territory here we do have reason to be fairly optimistic,” Easdon told the Council. “Our residential construction continues at a strong pace with new projects in the works, there are also several new commercial projects in the pipeline that could have a positive impact on the local economy and job market.”
Home building continues to rise in Cleburne. The City issued 144 single family residential building permits as of June. The City issued 84 permits through June 2019, which was one of the city’s highest building permit years in recent history. With several subdivisions under construction and new projects under review, Cleburne could see the residential construction pipeline continue through 2021.
In addition to new subdivisions, builders are creating new residences on abandoned lots in existing neighborhoods. The City Council created a program this year to provide financial assistance to encourage new homes in infill lots. The program has already allocated 90% of its funding.
Commercial activity has also continued throughout the pandemic. So far this year, the City has issued 87 certificates of occupancy. The City has also issued 9 commercial building permits in 2020. Several commercial projects are in designer or under construction like the Chick-fil-A at Henderson and Douglas, which has a planned opening this fall.
In addition to the commercial openings and projects, people are spending more in Cleburne. The City’s sales tax revenue for July is $1,173,777 compared to $1,073,958 last year. Fiscal year-to-date sales tax is up 4.60% compared to last year.