Long-term tax abatements for new housing
Summary
Three abatement ordinances were on the docket: 25-year abatements for 29 units on Summer Avenue and 40 units on Clinton Avenue, and a 30-year HMFA abatement for preserving 306 affordable senior units on Broad Street. Abatements shape what those properties contribute to city taxes for decades.
At a glance
- Total mentions
- 5
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 21, 2026.
Impact analysis
Abatements reduce property tax revenue from these parcels for 25 to 30 years in exchange for housing investment.
The developers and future tenants of the new and preserved housing.
Critics of abatements often note the city forgoes full property tax revenue on these parcels.
Mentions & discussions (5)
Municipal Council — October 21, 2026
Three abatement ordinances were on the docket: 25-year abatements for 29 units on Summer Avenue and 40 units on Clinton Avenue, and a 30-year HMFA abatement for preserving 306 affordable senior units on Broad Street. Abatements shape what those properties contribute to city taxes for decades.
Municipal Council — August 5, 2026
A 25-year tax break for a 42-unit apartment building at 636-642 Martin Luther King Blvd — with 9 affordable units — was deferred, meaning the developer pays full taxes for now. Nine affordable units at 40-80% of area median income are part of the deal.
Municipal Council — July 15, 2026
The council approved four long-term tax abatements for new rental buildings in the West and North Wards, each with a share of income-restricted affordable units. Supporters say the deals bring housing and construction jobs; critics worry about lost property tax revenue for schools and services.
Municipal Council — May 6, 2026
The council gave final passage to four 20-year tax abatements for new apartment buildings in the West Ward and advanced a 25-year abatement for a 66-unit South Ward project. These abatements let developers pay reduced taxes for decades in exchange for building housing, including income-restricted affordable units.
Municipal Council — April 15, 2026
The council advanced 20- and 25-year tax abatements for new apartment buildings in the West and South Wards, including one with seven income-restricted units. Abatements mean the developers pay reduced taxes for years, which supporters say unlocks housing the market wouldn't build otherwise.
Related development
Somerset Homes affordable housing assignment
The 38-unit affordable project's ownership transfer is on hold.
Livingston Urban Renewal affordable housing assignment
The 82-unit affordable project's ownership transfer is on hold until the council takes the item up again.
452 South Orange Avenue mixed-use
Would add 36 apartments to the West Ward if ultimately approved.
Summer Avenue Apartments (828-832 Summer Avenue)
Adds 29 apartments to the North Ward, six of them income-restricted, with long-term tax terms instead of standard property taxes.
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