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Board approves RSA 79‑E tax relief for 944 Elm St.; aldermen debate term, deed restrictions
Summary
Following more than an hour of debate, the Board of Mayor and Aldermen approved a Community Revitalization Tax Relief (RSA 79‑E) agreement for 944 Elm Street; aldermen adopted a five‑year term and instructed city solicitor to record a covenant protecting the city's interests.
The Board of Mayor and Aldermen voted to grant RSA 79‑E Community Revitalization Tax Relief for the property at 944 Elm Street after extended discussion about term length and whether the city should require deed restrictions to secure long‑term affordable or workforce housing.
Economic Development Director Jody Nizaka described the two tax districts where RSA 79‑E has been used in Manchester — the Central Business Service District (CBSD) and the Redevelopment District (RDV) — and recommended a temporary pause on 79‑E in the CBSD while the administration develops parameters. The Board then…
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