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ArtSpace update: OEDIT denied Carbondale revitalization credit; board discusses middle‑income tax credit and next steps
Summary
ArtSpace representatives told trustees the town’s application for an OEDIT community revitalization tax credit was not funded; the developer recommended pursuing a state middle‑income housing tax credit and asked the board for guidance on next steps.
Carbondale trustees heard an update from ArtSpace developers and discussed next steps after the town’s community revitalization tax credit application was not selected in the latest OEDIT funding round.
Andrew (ArtSpace) told the board that the Southwest Promenade application for the OEDIT community revitalization tax credit was not funded in the current round; he said roughly $10 million was available and about $41 million in requests were submitted. He recommended the town consider pursuing a new, state-only middle‑income housing…
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