Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee confirms tax-abatement support for low-income housing project tied to federal tax-credit application
Summary
The community-investment committee voted to recommend confirming a tax-abatement to support a proposed low-income housing project being developed with federal low-income housing tax credits; staff said the city’s 10% match via a 10-year abatement would be roughly $330,000 if the tax-credit award is secured.
The community-investment committee voted to recommend confirmation of a tax-abatement that will support a low-income housing project being pursued through the federal/state low-income housing tax-credit process. City staff described the project site as a city-owned vacant lot that has been inactive for years and said the developer (an Indianapolis-based firm partnering with the Redevelopment Commission) is pursuing competitive…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
