Tax Relief

Two redevelopment initiatives within the Lafayette Sq. space win momentary tax breaks

Haverhill City Council approved two tax breaks this week to aid the redevelopment of two separate properties in the city.

The first is for the redevelopment of the former St. Joseph’s School, right on Lafayette Square. This provides for the construction of 36 apartments in line with the market. The second project involves the construction of a new three-story building at 42 Lafayette Square, which will include 13 apartments and a commercial space on the first floor.

These tax breaks are part of a Massachusetts residential development incentive program designed to encourage development in gateway cities like Haverhill. Andrew K. Herlihy, Haverhill Community Development Director, said.

“This is the same regular agreement to fund tax increases that is required by the state. So when you do an HDIP program, the city is required to offer some skin in the game and offer their own tax break. We made the same tax breaks for everyone, ”he said.

The council approved both motions 8-0, with council member Joseph J. Bevilacqua abstaining as he sits on the state board approving proposals to finance tax increases.

Both projects also received special approval from the council last year.

On another matter, the council should hear plans to develop 54 acre property in East Haverhill. These plans include the development of 66 freestanding condos on Snowcrest Farm. However, attorney Michael J. Migliori, who represents the project developer, requested a delay until October 5th while the developer continues talks with neighbors affected by the project.

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