Amber Stone Scattered Site Redevelopment Tax Abatement (BB 57)

At a glance

  • What: Board Bill 57 approves a redevelopment plan and 15-year tax abatement for a scattered-site affordable housing project in the Old North and St. Louis Place area, sponsored by Alderman Aldridge (Vice Chair Sonnier asked to be added as co-sponsor).
  • Terms: 68 affordable units reduced to 67 (one converted to an on-site management and services space), three- to five-bedroom homes, HUD-assisted, 90% abatement for 10 years then 50% for 5, with a 30-year affordability agreement. Same developer team as Tiffany Scattered Site Redevelopment Tax Abatement (BB 47).
  • Where it stands: On October 13, 2026 the committee adopted the committee substitute (fiscal note) with no objection and passed it with a do-pass recommendation by call for previous roll, no objection. Next step is the full Board of Aldermen.
  • Issue raised: The SLPS Parent Action Council said the development proposal report did not appear to be attached; SLDC said it was sent with the bill and promised to post it with each bill (see School district consultation on tax incentives). Whitson also flagged that developers of tax-credit projects increasingly ask to reverse the schedule (lower abatement first, 90% in the last five years).

Sources

Discussion time

About 10 minutes across 1 meeting (from transcript timestamps; approximate).

Meeting Minutes
2026-10-13 - Housing, Urban Development & Zoning Committee 10

Log

2026-10-16 - Board of Aldermen

Minutes: reported out of the Housing, Urban Development and Zoning Committee with a do-pass recommendation as BB 57CS (second reading); Aldridge is the sponsor of record. Listed for the October 23 consent perfection calendar.

2026-10-13 - Housing, Urban Development & Zoning Committee

Presentation, SLDC remarks and a public comment on the missing report; committee substitute adopted and do-pass recommended without objection.

2026-10-30 - Full Board of Aldermen Meeting

Third reading as BB 57CS (preliminary minutes).