Quincy city officials are on the lookout for properties that may qualify for a new state program focused on improving the housing market. According to Rob Stevens, the principal planner with Quincy’s Planning Department, municipalities classified as “Gateway Cities” can participate in a program in which developers can obtain tax credits for building market-rate housing projects. The city has to identify an area or a building that would be applicable, most likely a housing project that was left incomplete when the economy crashed. The hope is the state tax incentive would entice a developer to come along and finish the project, offering housing at an affordable cost. “Also, it opens the door for the city to provide further tax relief on top of the state credit,” Stevens said. The downtown wouldn’t be a good fit for the program, due to the complicated tax structure of the Quincy Center agreement. However, Stevens said the city would be happy to talk to a developer interested in other areas of the city. For more information, visit www.mass.gov/hed/community/planning/housing-development-incentive-program-hdip.html.
