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ORDER OF THE NEW HAVEN BOARD OF ALDERS APPROVING (i) CLASSIFYING THE 10 LIBERTY PROJECT AS A PROPERTY USED FOR HOUSING SOLELY FOR LOW OR MODERATE INCOME PERSONS OR FAMILIES, (ii) PROVIDING AN ABATEMENT OF REAL ESTATE TAXES FOR THE 10 LIBERTY PROJECT AND (iii) AUTHORIZING THE MAYOR TO ENTER INTO A TAX ABATEMENT AGREEMENT WITH 10 LIBERTY OWNERS LLC IN ACCORDANCE WITH CONN. GEN. STAT. SEC. 8-215, ANNOTATED CHARTER OF THE CITY OF NEW HAVEN,ARTICLE IV, SECTION 6, AND CITY OF NEW HAVEN CODE OF GENERAL ORDINANCES, SECTION 28-4.
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WHEREAS, the 10 Liberty Project is a 150 unit multi-family affordable housing project for which Site Plan approval was granted by the New Haven City Plan Commission on February 16, 2022 (CPC Report 1602-04); and
WHEREAS, the building to be developed for the 10 Liberty Project (the "10 Liberty Building") will be constructed on property that currently contains vacant industrial buildings that will be demolished and a surface parking lot, which property is located at 10 Liberty Street a/k/a 45 Spring Street (the "10 Liberty Property") in the Hill neighborhood of New Haven; and
WHEREAS, the 10 Liberty Building will be five stories high, contain approximately 150,000 square feet and be comprised of 150 apartments (including studios and 1-3 bedroom units) as well as amenity space that includes a gym, a co-working space and a storage area for bicycles; and
WHEREAS, all of the residential units in the 10 Liberty Project will be set aside for individuals and families whose income on average is 60% of the Area Median Income ("AMI") of persons and families living in the New Haven/Meriden area, as established by the United States Department of Housing and Urban Development; and
WHEREAS, there is a shortage of affordable rental units in New Haven, and the construction of the 10 Liberty Project will create additional affordable housing units needed in the City; and
WHEREAS, 10 Liberty Owners LLC (the "Applicant") is the contract purch...
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