St. Louis Board of Aldermen Housing, Urban Development & Zoning Committee AgendaPacket 2026-06-23
Communities First STL part of abated housing plan
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Description
Communities First STL is partnering in Tiffany Developers, LLC to deliver the Tiffany Scattered Sites II affordable housing rehabilitation. The project seeks a 15‑year property tax abatement package now before the St. Louis Board of Aldermen.
Contract Details
Contract Amount
$15.4 million (total project cost, shared via Tiffany Developers, LLC)
Vendor
COMMUNITIES FIRST STL
Agency
City Hospital Laundry Building Tdd, MO
Contract Type
OTHER
Document Date
June 23, 2026
Contract Term
15 years of tax abatement (10 years at 90%, 5 years at 50%)
Renewal Info
Abatement support for the project is structured for up to 15 years, with 10 years at 90% and 5 years at 50% of incremental taxes, or equivalent Chapter 353 terms as detailed in the redevelopment agreement.
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