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Committee approves 15‑year tax agreement for 7‑unit project at 12 East Perry Street
Summary
The tax committee approved a tax‑abatement agreement for a seven‑unit development at 12 East Perry Street. Applicant said the project is 95% complete and will set one unit at 50% AMI and the rest at 80% AMI; staff said the agreement mirrors standard 15‑year abatement terms.
The New Haven Tax Payment Committee approved a tax abatement agreement for a seven‑unit housing project at 12 East Perry Street.
Applicant Shaquille Lamar told the committee the building is new construction, roughly 95% complete, and proposed an affordable‑housing commitment that would set one unit at 50% area median income (AMI) and the remainder at 80% AMI. "This is a new construction 7 unit building that started in 2023... we're about 90% complete," Lamar said, explaining that a tax agreement would help the operation budget and support the developer’s ability to rent at the proposed AMI levels.
Staff described the requested instrument as the same type of 15‑year tax‑abatement agreement the city has used previously, noting approximate payments of about $650 per unit per year under the standard structure. Committee members asked for clarification about unit mix and affordability levels; members were told the abatement terms are consistent with earlier agreements used to incentivize housing production. After brief discussion the committee approved the item by voice vote.
The committee recorded the approval and directed staff to finalize the written agreement consistent with the terms discussed. The item will be returned to the committee with the formal agreement language and payment schedule for the next procedural step.
