239 Oak Street Tax Stabilization Agreement
Description
Tax break to convert an abandoned Olneyville mill into about 26 studio apartments marketed as 'attainable' — below top-of-market but not deed-restricted affordable.
Impact summary
Reactivates a vacant industrial building in Olneyville with moderately priced rentals, part of a cluster of housing projects on the same block.
Applicant
- Address
- 239 Oak Street, Providence, RISee this on the map
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Recorded in the meeting · Committee on Ways and Means
Discussed at 1 meeting in the last 60 days; most recently Oct 21, 2026.
Meeting timeline (1)
Related issues (2)
Providence Build Act — affordable housing tax stabilization rules
A new ordinance would give affordable-housing developers a two-year tax deferral after construction so big tax bills don't sink projects before units are leased. Referred to Finance.
Repeal of E2000 Realty tax stabilization agreement
The council passed, on second reading, a repeal of the 2019 tax stabilization agreement for the property at 541 Hartford Avenue, meaning the owner will no longer receive the tax break.
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