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Council approves tax exemption for Josie Caprio apartments, citing 54 affordable units
Summary
The council approved a tax exemption for the Josie Caprio apartments, a 54‑unit affordable housing project led by Omni Development Corporation, with council members saying the project reserves units for families at low income levels.
The Providence City Council voted to approve a tax‑exempt status for the Josie Caprio apartments, a development the council said will add 54 affordable units reserved for low‑ and moderate‑income households.
Deputy Majority Leader Harris explained the proposal during debate on item 24, saying the project was intended to receive an 8% tax treatment and that pandemic‑era construction delays increased its…
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