Town of Wethersfield Tax Abatement Agreement 2026-05-21
Wethersfield Grants 20-Year Tax Abatement to Related Affordable LLC
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Description
The Town of Wethersfield approved a 20-year tax abatement agreement with Related Affordable LLC for the Executive Square senior housing complex. Related Affordable LLC will make annual Payment In Lieu of Taxes (PILOT) payments as stipulated in the agreement. The contract supports preservation and renovation of affordable housing for seniors and disabled residents.
Contract Details
Vendor
RELATED AFFORDABLE LLC
Agency
Town of Wethersfield, CT
Contract Type
OTHER
Document Date
May 21, 2026
Contract Term
20 years
Renewal Date
2046-05-21
Renewal Info
Agreement expires automatically after 20 years. May terminate early if vendor fails to complete renovations or if property is sold without Town's consent.
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APPROVEDIllinois Housing Development Authority Board Meeting Minutes April 2026
APPROVEDConnecticut Housing Finance Authority Board Minutes March 2026
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