Tiffany Scattered Site Redevelopment Tax Abatement (BB 47)
At a glance
- What: Board Bill 47 approves a redevelopment plan and 15-year tax abatement for 21 scattered apartment buildings in the Tiffany neighborhood, sponsored by Vice Chair Sonnier.
- Terms: Abatement of 90% of the added value for years 1-10 and 50% for years 11-15. About $15.4 million of rehabilitation for 60 affordable units at 60% of area median income or less (about $257,000 per unit), many with three to five bedrooms; tenant relocation paid by the developer.
- Financing: Federal low-income housing tax credits covering about 75% of cost, about $3.5 million in loans. Developer team: Tiffany Developers LLC with Efficacy Consulting and Development LLC, Tag Development LLC and Communities First STL.
- Where it stands: On October 13, 2026 the committee adopted the committee substitute (with fiscal note) 6-0 and passed it with a do-pass recommendation by call for previous roll, no objection. Next step is the full Board of Aldermen.
- Support: Whitson of SLDC supported it; the SLPS Parent Action Council backed it and noted its development proposal report was attached as required (see School district consultation on tax incentives).
Sources
- Board of Aldermen minutes, October 16, 2026 (preliminary): https://www.stlouis-mo.gov/government/city-laws/upload/legislative/minutes/Minutes%20October%2016,%202026%20Updated.pdf
- 2026-10-13 - Housing, Urban Development & Zoning Committee (committee video, auto-captions)
Discussion time
About 11 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-13 - Housing, Urban Development & Zoning Committee | 11 |
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 47CS (second reading); Sonnier is the sponsor of record. Listed for the October 23 consent perfection calendar.
2026-10-13 - Housing, Urban Development & Zoning Committee
Presentation, SLDC and developer remarks, one supporting public comment, no member questions; committee substitute adopted 6-0 and do-pass recommended.
2026-10-30 - Full Board of Aldermen Meeting
Third reading as BB 47CS (preliminary minutes).