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Committee advances NEZ certificate for three new single-family homes in East Village
Summary
City Planning staff recommended and the committee approved a resolution recommending a Neighborhood Enterprise Zone certificate for three infill single-family homes in the East Village; staff said abatement would reduce property taxes for new buyers from roughly $19,000 to about $6,000 annually during the abatement period.
City Planning staff presented a petition for a Neighborhood Enterprise Zone (NEZ) certificate for three new single-family houses in the East Village area and the committee approved a recommendation to send the certificate forward.
Chris Gulak, City Planning Commission staff, said the petitioner is a project of Great Water Homes (a venture of Great Water Opportunity Capital) and that the properties are vacant single-family lots in the East Village NEZ. Gulak described four…
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