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Council hears HDIP proposal for Suffolk Downs and other districts; item sent to zoning committee
Summary
Planning staff described a Housing Development Incentive Program (HDIP) submission covering Suffolk Downs, Green Street and Shirley Avenue, outlining a local tax increment exemption and a state tax credit; councilors debated potential leverage for affordable units and referred the matter to the zoning subcommittee for deeper review.
City planning staff presented a Housing Development Incentive Program (HDIP) plan that would designate three districts'Suffolk Downs, Green Street and Shirley Avenue'as eligible for local tax-increment exemptions and a state tax-credit program.
Tom Skowronski, who identified himself while presenting the item, described HDIP as a two-part tool: a local option to exempt 10% to 100% of the incremental tax on newly created value for periods of five to 20 years, and a state credit worth up to…
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