Spruce Park Associates abatement extension
Description
Extends the term of the existing limited-dividend-law tax abatement financial agreement to March 31, 2036.
Impact summary
Keeps an existing affordable housing project's financing in place through 2036.
Applicant
- Name
- Spruce Park Associates
At a glance
- Hearings
- 4
- Public comments
- 0
- Total mentions
- 4
Last vote · City Council
Last discussed May 6, 2026.
Meeting timeline (4)
Municipal Council — May 6, 2026
Final passage extending the existing tax abatement on the Spruce Street affordable housing complex to March 31, 2036, to match its extended federal housing assistance contract.
Municipal Council — May 5, 2026
Extends the term of the existing limited-dividend-law tax abatement financial agreement to March 31, 2036.
Municipal Council — April 15, 2026
Extends the existing tax abatement on an affordable housing project until March 31, 2036, adopted on first reading.
Municipal Council — March 31, 2026
Extending a 50-year-old tax abatement to March 31, 2036 to match the renewed federal Section 8 HAP contract on this 98-unit, fully Section 8 complex.
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