CONTRACTPENDING

Bridgeport Mulls Tax Incentives for Affordable Housing Project

Document date: Jul 1, 2024
Term: 15 years

What it covers

Bridgeport City Council is considering a tax incentive development agreement with 455 Fairfield Ave Owner Realty LLC for an affordable housing project at 455 Fairfield Avenue. The project involves a $24 million investment to construct a new, six-story, mixed-income, mixed-use building with 60 income-restricted affordable housing units. The project is expected to generate $1.6 million in real estate tax revenue over 15 years.

Who holds it

455 Fairfield Ave Owner Realty holds this tax incentive contract with City of Bridgeport. Its other public contracts on record include work for Town of Bridgeport and Housing Authority of the city of Bridgeport.

What happens next

Term as filed: 15 years.

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Contract details

Contract type: Tax Incentive
Document date: July 1, 2024
Term: 15 years
Vendor: 455 Fairfield Ave Owner Realty
Agency: City of Bridgeport
Source document: bridgeport-city-council-agenda-tax-incentives-grant-submissions-jul-1-2024_e28.pdf (Agenda)

455 Fairfield Ave Owner Realty's other public contracts

Town of Bridgeport, Wisconsin455 Fairfield Ave Realty LLC Tax Incentive · Jul 1, 2024$1.7M Housing Authority of the city of Bridgeport, Connecticut455 Fairfield Ave Eyes $1.6M Tax Deal · Jul 1, 2024$1.7M All 455 Fairfield Ave Owner Realty contractsVendor profile

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Questions about this contract

Who was awarded the tax incentive contract by City of Bridgeport?

455 Fairfield Ave Owner Realty was awarded this tax incentive contract by City of Bridgeport, as recorded on July 1, 2024.

What type of contract is this?

This is a Tax Incentive contract, documented as a agenda record.

Where was this contract approved?

This contract appears in bridgeport-city-council-agenda-tax-incentives-grant-submissions-jul-1-2024_e28.pdf (Agenda), dated July 1, 2024 from City of Bridgeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 455 Fairfield Ave Owner Realty hold?

455 Fairfield Ave Owner Realty may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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