Town of Branford, CT
New Haven County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Representative Town Meeting of the Town of Branford 10-11-1989. Amendments noted where applicable.]
The Board of Selectmen may, after approval of future projects by the Representative Town Meeting and by a majority vote of the Board, enter into contracts for the Town with nonprofit owners and developers of affordable housing, including Carrie P. Chandler Housing Corporation and BRIC, for the abatement, in whole or in part, of the real property taxes that otherwise would be levied against such affordable housing developments. Approval of the Representative Town Meeting is hereby given for BRIC and Carrie P. Chandler Housing Corporation developments at Ivy and Meadow Streets.
Said contracts shall provide that the moneys equal to the amount of such abatement shall be used primarily to provide necessary related facilities or services in such housing but may also be used to help maintain the rents at affordable levels.
Said contracts shall provide that the real property taxes levied against such affordable housing developments be abated in whole or in part effective on the dates specified in said contracts, and provided further that:
Said housing is actually built with financial subsidies from state or federal housing programs.
Said housing is used solely for persons or families of low or moderate income, as defined by regulations issued by the State of Connecticut, including DOH, or the Federal Department of Housing and Urban Development (HUD).
Said eligibility determinations and income assessments shall be handled and approved as required by DOH or HUD.
The term of such abatements may continue for a period not to exceed 20 consecutive fiscal years, except that longer periods, not to exceed 10 years in any one extension period and upon such terms and conditions as may be agreed upon, if extended opportunities for reimbursement by the state or by the United States were made available pursuant to law.
[Amended 5-14-2019]
Notwithstanding this approval of a tax abatement, the real property taxes otherwise levied against any such affordable housing developments shall continue to be calculated on an annual basis so as to inform the developer or owner, the Town and DOH or HUD of the specific amount saved each year.
Such tax abatements shall be applicable to all successors and assigns of the developers or owners, provided that all conditions of this chapter are met, that the successor or assignee is a nonprofit corporation recognized under the Internal Revenue Code or is a governmental entity and that notice of any change in ownership of the premises is filed with the Town Clerk.
The failure of a developer or owner or any of its successors or assigns to construct the rental units or to maintain the premises in accordance with the terms of this chapter or the standards of the Building or Housing Codes of the Town of Branford shall constitute reason not to commence, temporarily to cease or to obtain reimbursement from the developer or owner for this tax abatement. Any such temporary cessation or reimbursement shall be calculated on a partial basis, with the tax abatement or reimbursement adjusted in proportion to the unit or units so out of compliance with said codes.
The Town of Branford may, by a majority vote of its Board of Selectmen, enter into contracts with the state or with the United States for financial assistance in the form of reimbursement for all or any part of the tax abatement granted to an owner of low- and moderate-income housing in accordance with this chapter, but the entering into of such a contract for financial assistance shall not be a condition for the granting of any tax abatement.