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Council approves 9-year tax abatement for Allen Edwin development to add 16 rental units
Summary
The council adopted Resolution 25-26 granting a nine-year real-property tax abatement to Allen Edwin Residential Builders LLC for a 16-unit infill rental project, including 12 units subject to affordability at up to 120% of area median income; total investment estimated at about $2.5 million.
The Common Council adopted Resolution 25-26, designating a set of vacant infill parcels as an Economic Revitalization Area to support a 16-unit rental housing development by Allen Edwin Residential Builders LLC and approving a nine-year real-property tax abatement for the project.
Joe Molnar, assistant director of Growth and Opportunity, summarized the site as a vacant parcel near West Marion and Leland streets and…
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