Sec. 16-100. - Authority and purpose.

Pursuant to G.L. 1956, § 44-3-13.4, the city council of East Providence enacts this ordinance to promote affordable housing by providing a partial exemption from property taxation for qualifying mixed-use properties that include owner-occupied mixed-use live/work units that are also deed-restricted to low to moderate income occupancy.

The exemption credit ensures that qualifying low to moderate income deed restricted live/work space are not taxed entirely at the commercial property tax rate. Instead, the residential portion is taxed at the residential rate with applicable exemptions, reflecting its actual use as a live/work residence.

(Ch. 959, § I, 2-17-26)