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Council Confirms 10-Year Tax Abatement to Support 50 Affordable Apartments at 2020 S. Main
Summary
The council passed Resolution 25-36 confirming a 10-year Economic Revitalization Area designation for a proposed 50-unit affordable apartment project at 2020 South Main Street; the developer said the application for low-income housing tax credits is due soon and the tax abatement supports that application.
The Common Council voted to confirm a resolution designating 2020 South Main Street as an Economic Revitalization Area and authorizing a 10-year property tax abatement to support a proposed 50-unit affordable apartment project. The resolution (25-36) was approved after a staff presentation and remarks from the developer—9s representative.
City staff…
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