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Council asks staff to design an affordable‑rent incentive pilot, including tax‑abatement options, to preserve below‑market units
Summary
The council directed city staff to develop options for a voluntary program that would offer tax incentives to landlords who keep units affordable for households at or below 80% AMI; members discussed caps and pilot design to limit fiscal exposure.
The Cambridge City Council requested that city staff develop options for an ‘affordable rent incentive’ program intended to preserve naturally occurring below‑market rental units.
Under a policy order passed March 3, staff were asked to return with program designs — including potential percentages of tax abatement, eligibility criteria (the order suggests targeting households at or below 80% of area median income)…
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