Boston advances tax relief for four housing projects totaling about 1,400 homes
Boston approved steps toward temporary property-tax relief for four already-approved projects representing roughly 1,400 proposed homes.
By Boston Dwelling · Published · 1 min read
The Boston Planning & Development Agency Board approved steps toward targeted, temporary property-tax relief for four previously approved housing developments: One Mystic Avenue, Allston Yards Building D, 22-24 Pratt Street and 83 Leo M. Birmingham Parkway.
Together, the projects represent approximately 1,400 proposed homes, including more than 180 income-restricted homes.
The aim is to improve project finances so construction can begin. But the October 15 action was not the same as signing all final agreements, beginning construction or delivering 1,400 apartments.
Why it matters
Boston already has developments that received planning approvals but have not been built. The proposed tax relief targets that gap between permission to build and financial feasibility. The next questions are whether agreements are finalized and whether construction actually starts.