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Mayor Jorge Elorza's Judgment
Just 6 hours after the city of Providence auctioned off more than 150 homes and business properties in a tax sale, Providence Mayor Jorge Elorza announced a housing ”Anti-Displacing” strategy.
Elorza had moved forward with the auction of homes and commercial buildings during the pandemic despite the pleas of members of the City Council.
“Now more then ever, housing is foundational to the quality of life for our residents,” said Elorza. “Together with our community, we are laying the groundwork for a comprehensive system of investments that ensure that City resources are used to promote housing quality, development, and affordability for all residents.”
New Taxes to Fund Program
The Elorza proposal includes new taxes to fund the program -- creating a new fee on commercial development and an increase in the property tax that would be dedicated to housing. In addition, the Elorza plan would divert tax stabilization revenues to this new initiative.
Elorza said that his administration had contracted with an Alexandria, Virginia-based firm RKG Associates. According to city records, RKG’s bid to develop the “Anti-Displacing” strategy was $144,500 — and the company was not the lowest bidder.
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