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Manchester committee approves stricter criteria for downtown 79‑E tax‑relief program
Summary
The Manchester Board of Mayor and Aldermen’s Administration Committee approved proposed, tighter eligibility criteria for the city’s community revitalization tax relief incentive program (commonly called 79‑E), including a recommended 200% rehabilitation‑cost threshold; staff will bring application amendments to the full board.
The Administration Committee of the Manchester Board of Mayor and Aldermen on an administratively noticed meeting voted to approve proposed stricter eligibility criteria for the city’s community revitalization tax relief incentive program (commonly referred to as 79‑E), Economic Development Director Jody Nizaka told the committee.
Nizaka recommended raising a rehabilitation‑cost threshold to require that rehabilitation exceed 200 percent of pre‑renovation value for projects seeking relief in the city’s Central Business Service District. “The state has that set at 15%,” Nizaka said, citing the state…
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