Pittsburgh’s city council introduced legislation this week that would offer larger tax breaks on the increased value of a property for developers who build affordable housing, according to the Pittsburgh Tribune-Review.
The plan would give developers an enhanced abatement of $250,000 per year over a decade, as long as they make 15 percent of the units affordable to people earning 80 percent or less of area mean income of $56,950 (per a family of four). As of now, the maximum tax abatement is $175,000 per year for three years.
Communities members are protesting the plan, saying that developers will get tax breaks to build apartments and housing that most people will not be able to afford.
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