City Considers Tax Exemption for SHARE Housing

The City of Nelson Committee of the Whole is considering a four-year permissive tax exemption for SHARE Housing at 520 Falls Street, with estimated municipal PTE values starting at $37,437 in 2021. The exemption would enable the project to charge significantly lower rents for low-income tenants.

Document date · September 29, 2020

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Four-year permissive tax exemption estimates for 2021–2024 (table shows 2021–2023)

Renewal

Proposed as a new four-year permissive tax exemption beginning in the 2021 tax year, subject to Council approval and the City’s 0.5% of taxes cap for PTEs.

Document type

AgendaPacket

Source document

City of Nelson Committee of the Whole Agenda Packet September 2020

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Nelson?

Share Housing was awarded this government contract by City of Nelson, as recorded on September 29, 2020.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Nelson Committee of the Whole Agenda Packet September 2020 (AgendaPacket), dated September 29, 2020 from City of Nelson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Share Housing hold?

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