Ordinance 71206

Chapter 99 Redevelopment Plan for 4635 and 4627 Ridgewood

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This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4635 and 4627 Ridgewood Ave. Redevelopment Area. This Board Bill will allow up to a 10-year tax abatement based on 95% of the assessed value of the incremental improvements. The project consists of the renovation a multi-family project consisting of 273 senior (62+) and disabled low-income housing units spread across two buildings.

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Legislative History

Session: 2020-2021
Board Bill Number: 56
Primary Sponsor: Carol Howard
Committee: Neighborhood Development
First Reading: 06/05/2020
Second Reading: 06/23/2020
Perfection: 06/26/2020
Third Reading: 07/08/2020
Effective Date: 08/24/2020

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