Hamden Approves 15-Year Tax Abatement for River Ridge Apartments Rehabilitation
Town of HamdenCity · Hamden, CT- Disclosed value
- Estimated tax abatement: $33,595.98 (year one); $1,072,234 total over 15 years; project cost $7,506,096
- From agenda
- Approved
- Sep 2, 2025
- Renews
- Free account
The 30-second brief
The Town of Hamden Legislative Council approved, and authorized the Mayor to sign, a 15-year tax abatement agreement with River Ridge Apartment Homes, LLC for the comprehensive renovation of 62 affordable housing units at 2364 State Street. The agreement schedules abated taxes starting at $62,000 per year with a 2% annual escalation, supporting a $7.5 million rehabilitation project aimed at maintaining low and moderate-income housing.
River Ridge Apartment Homes LLC holds this contract with Town of Hamden. Its other public contracts on record include work for Connecticut Housing Finance Authority and Connecticut Department of Housing.
The renewal date is on record. A free account shows it, with the renewals for every Town of Hamden contract.
Know when this contract comes back up.
See the renewal dateFree account · 30-second setup · No credit card
Contract details
- Amount
- Estimated tax abatement: $33,595.98 (year one); $1,072,234 total over 15 years; project cost $7,506,096
- Document date
- September 2, 2025
- Term
- 15 years, starting effective with Grand List of October 1, 2026, through and including Grand List of October 1, 2040
- Renews
- Free account
- Agency
- Town of Hamden
- Source document
- Town of Hamden Legislative Council Agenda September 2025 (Agenda)
River Ridge Apartment Homes LLC's other public contracts
More Town of Hamden contracts
Questions about this contract
Who was awarded the government contract by Town of Hamden?
River Ridge Apartment Homes LLC was awarded this government contract by Town of Hamden, as recorded on September 2, 2025. The contract value is Estimated tax abatement: $33,595.98 (year one); $1,072,234 total over 15 years; project cost $7,506,096.
How much is the River Ridge Apartment Homes LLC contract with Town of Hamden worth?
The River Ridge Apartment Homes LLC contract with Town of Hamden is valued at Estimated tax abatement: $33,595.98 (year one); $1,072,234 total over 15 years; project cost $7,506,096.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Town of Hamden Legislative Council Agenda September 2025 (Agenda), dated September 2, 2025 from Town of Hamden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does River Ridge Apartment Homes LLC hold?
River Ridge Apartment Homes LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Hamden currently buying?
Explore Town of Hamden's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.