BoA Joint Community Development/Tax Abatement Committee 6/23/26

The Board of Alders Joint Community Development/Tax Abatement Committee met on June 23, 2026, to discuss a tax abatement order related to the redevelopment of 145 Eastern Street Phase 1 in New Haven. The committee reviewed the existing tax abatement agreement, originally set at $250 per unit per year with no escalation, and considered a proposed increase to $450 per unit per year with a 3% annual increase starting in year three. After deliberation, the committee voted to approve the tax abatement at $450 per unit per year, balancing the need for redevelopment capital with affordability concerns for low-income residents. Additionally, the committee addressed several tax exemption and forgiveness requests from local organizations and individuals, including the Boys and Girls Club and others facing financial hardship. Motions were passed to forgive certain property and vehicle taxes, reflecting the committee's responsiveness to community circumstances. The meeting concluded with the approval of tax-related orders and adjournment.