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Council committees back rezoning and 10‑year tax abatement for South Main affordable housing project
Summary
City committees voted to forward a rezoning request and a 10‑year real property tax abatement for a KCG Development project at 2018–2020 South Main Street that would create 50 low‑income units if the developer receives state low‑income housing tax credits.
A zoning petition to rezone two vacant parcels at 2018 and 2020 South Main Street and a companion 10‑year real property tax abatement were recommended for favorable action by committee after staff and the developer described a plan for a 50‑unit affordable housing development.
The rezoning request would change the parcels from industrial to Urban Neighborhood 3 to allow a four‑story mixed‑use “stacked flats” building. Tim Staub, zoning specialist for the city, told the committee the plan calls for a mix of one‑, two‑ and three‑bedroom units with amenities including a community room, fitness center, on‑site management and surface parking. Joe Molnar, assistant director of Growth and Opportunity, said the site is owned by the Redevelopment Commission and…
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