Related Affordable Seeks 20-Year Tax Abatement for Housing Preservation
Town of WethersfieldCity · Wethersfield, CT- Disclosed value
- $600,000 Upfront Impact Fee + $575,000 Year 1, 2.5% increases annually (20 years)
- From proposal
- Document date
- Jun 8, 2026
- Term
- 20 years
- Renews
- Free account
The 30-second brief
Related Affordable has proposed a 20-year tax abatement agreement with the Town of Wethersfield to preserve 240 affordable senior housing units at Executive Square House. The agreement would involve an upfront impact fee of $600,000, a first-year payment of $575,000, and 2.5% annual increases.
Related Affordable holds this contract with Town of Wethersfield. Its other public contracts on record include work for City of East Orange and Boulder county Housing Authority.
The renewal date is on record. A free account shows it, with the renewals for every Town of Wethersfield contract.
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Contract details
- Amount
- $600,000 Upfront Impact Fee + $575,000 Year 1, 2.5% increases annually (20 years)
- Document date
- June 8, 2026
- Term
- 20 years
- Renews
- Free account
- Vendor
- Related Affordable
- Agency
- Town of Wethersfield
- Source document
- Wethersfield Town Council Proposal Executive Square House Preservation 2026-06-08 (Proposal)
Related Affordable's other public contracts
More Town of Wethersfield contracts
Questions about this contract
Who was awarded the government contract by Town of Wethersfield?
Related Affordable was awarded this government contract by Town of Wethersfield, as recorded on June 8, 2026. The contract value is $600,000 Upfront Impact Fee + $575,000 Year 1, 2.5% increases annually (20 years).
How much is the Related Affordable contract with Town of Wethersfield worth?
The Related Affordable contract with Town of Wethersfield is valued at $600,000 Upfront Impact Fee + $575,000 Year 1, 2.5% increases annually (20 years).
What type of contract is this?
This is a government contract, documented as a proposal record.
Where was this contract approved?
This contract appears in Wethersfield Town Council Proposal Executive Square House Preservation 2026-06-08 (Proposal), dated June 8, 2026 from Town of Wethersfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Related Affordable hold?
Related Affordable may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Wethersfield currently buying?
Explore Town of Wethersfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.