St. Louis Board of Aldermen Housing, Urban Development & Zoning Committee AgendaPacket 2026-06-23
TAG joins Tiffany Scattered Sites II tax-aided deal
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Description
TAG Development, LLC, as part of Tiffany Developers, LLC, is proposed to co-develop the $15.4 million Tiffany Scattered Sites II affordable housing project. The plan includes a 15‑year property tax abatement package pending Board of Aldermen approval.
Contract Details
Contract Amount
$15.4 million (total project cost, shared via Tiffany Developers, LLC)
Vendor
TAG 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
The redevelopment plan outlines a 15‑year abatement period with potential implementation via Chapter 353, including specified PILOT requirements during years 1–10 and reduced assessment during years 11–15.
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