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Council approves multiple tax-stabilization agreements for housing and a job-training site amid debate on affordability
Summary
The council approved several tax-stabilization agreements (TSAs) for housing projects totaling about 79 units across three developments and a separate $2.2 million TSA for an auto-body training center; debate focused on the lack of mandatory affordability provisions in the TSA process.
Providence — The Providence City Council approved a package of tax-stabilization agreements (TSAs) for housing developments and a separate TSA to convert a building into an auto-body repair and training center, while several councilors pressed for clearer affordability requirements in TSA rules.
Council members discussed multiple TSAs: Item 18 described a 10-year TSA for 23 residential units (10 studios and 13 one-bedroom units) with an approximate $3,500,000 TSA and a parks-and-rec…
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