City Approves 39-Year Eastview Terrace Redevelopment Agreement
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Description
The City of New Haven approved a Cooperation Agreement with the Housing Authority of the City of New Haven for the redevelopment and rehabilitation of Eastview Terrace Phase 1, including construction, management, and a long-term tax abatement. The agreement includes a PILOT for 102 affordable units over a period of 39 years.
Contract Details
Vendor
HOUSING AUTHORITY OF THE CITY OF NEW HAVEN
Agency
City of New Haven, CT
Contract Type
CONSTRUCTION
Document Date
June 17, 2026
Contract Term
Thirty-nine (39) years from recording of the Cooperation Agreement
Renewal Date
2065-06-23
Renewal Info
The tax abatement and Cooperation Agreement term is set for 39 years; upon expiration, full taxes are due unless extended or otherwise modified.
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