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H38 East Apartments gets tax abatement finalized

The final step of a property tax abatement for the H38 East Apartments passed Monday night.

Posted: Mar. 5, 2019 2:31 AM
Updated: Mar. 5, 2019 8:45 AM

LAFAYETTE, Ind. (WLFI) — The final step of a property tax abatement for the H38 East Apartments passed Monday night. The Lafayette City Council unanimously agreed to approve it.

This cost-saving measure will help facilitate the development of the $7.4 million complex. The property sits on a little less than five acres of land. As News 18 previously reported, it's to help rid local families of generational poverty. Lafayette Mayor Tony Roswarski calls it a "unique idea."

Elva James, the Executive Director of Agency IV Housing, said this community will benefit greatly.

"The community has been pretty welcoming to this particular site because of what it means to the economy and to the people that live in this community," said James.

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