NOTICE OF A PUBLIC HEARING:
TUESDAY, OCTOBER 29, 2019 AT 5:00 PM
MAYOR'S RECEPTION ROOM, LOWELL CITY HALL, 375 MERRIMACK STREET
The City of Lowell Department of Planning and Development (DPD) will hold a Public Hearing on Tuesday, October 29, 2019 at 5:00 PM in the Mayor's Reception Room at Lowell City Hall to review the proposed Urban Center Housing Tax Increment Financing (UCH-TIF) Plan and Zone for Downtown Lowell. Interested persons are encouraged to attend and may provide testimony regarding the draft plan.
Contact the DPD: 978-674-1432
The Urban Center Housing Tax Increment Financing (UCH-TIF) Program is a State statutory program authorizing cities and towns in the Commonwealth of Massachusetts to promote housing and commercial development. The UCH-TIF Program provides real estate exemptions on all or part of the increased value (the "Increment") of improved real estate. Tax increment financing may be combined with grants and loans from local, state and federal development programs. The Department of Housing & Community Development's (DHCD) Division of Community Services is responsible for the operation and administration of the UCH-TIF Program.