St. Louis Board of Aldermen Housing, Urban Development & Zoning Committee AgendaPacket 2026-06-23
Tiffany Scattered Sites II abatement plan advanced
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Description
The St. Louis Land Clearance for Redevelopment Authority has approved a redevelopment plan sponsored by Efficacy Consulting and Development, LLC for the $15.4 million Tiffany Scattered Sites II affordable housing project. Board Bill 47 now seeks Board of Aldermen approval of 15 years of property tax abatement to support rehabilitation of 60 affordable units.
Contract Details
Contract Amount
$15.4 million (total project cost)
Vendor
EFFICACY CONSULTING & DEVELOPMENT LLC
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
Board Bill 47 and the redevelopment plan contemplate 15 years of tax abatement support, structured as 10 years at 90% followed by 5 years at 50% of incremental assessed value, with detailed PILOT provisions if Chapter 353 abatement is used.
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