Daily News | Mayoral candidates Parker and Brown promise to use property tax abatements to create affordable housing
Clarke’s bill would allow such tax incentives only on a narrow strip around North Broad Street. It would be left up to district Council members to decide whether they wanted to opt in any part of their territory.in April, Parker said she would move beyond the narrow scope currently being considered.
“We really, really urge you to pass the affordable abatement across the city,” said Carrie Rathmann, director of strategic partnerships for Habitat for Humanity, at a City Council hearing on Clarke’s more limited proposal in late February. The original 10-year property tax abatement, which applied to all new construction, became a political lightning rod as redevelopment heated up,
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