East Pittsburgh, PA
6:35 am8:01 pm EDT
April 18, 2024 7:03 am

Desperate for affordable housing, some cities sweeten tax breaks for developers

Tax abatements have long been a tool cities use to encourage developers to build homes low-income residents can afford. Developers pay lower property taxes in return for setting aside homes or apartments for potential residents with lower incomes. Cities lose that tax revenue, but they gain affordable housing.