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Commission approves tax‑increment incentive for Accent Daytona Beach project with 50 workforce units
Summary
The Daytona Beach Community Redevelopment Agency approved an incentive agreement with Accent Daytona Beach LP for a 300‑unit downtown development that reserves 50 workforce‑housing units in exchange for up to 80% of tax increment; commissioners emphasized design improvements and a return to the city even with abatement.
The Community Redevelopment Agency voted unanimously Dec. 4 to approve an incentive agreement with Accent Daytona Beach LP that offers tax‑increment financing in exchange for a large downtown mixed‑use development and reserved workforce housing.
City staff told commissioners the proposed project would include a minimum of 300 apartments, a projected construction value of about $70 million, and 50 units set aside for workforce housing at up to 120% of area median…
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