Providence Mayor Brett Smiley vetoes plan to fix '8-Law' affordable housing tax break 'loophole'
The mayor says the issue has to be fixed at the state level. The Providence City Council has 30 days to override the veto.
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The mayor says the issue has to be fixed at the state level. The Providence City Council has 30 days to override the veto.
“I think it is a gross and outrageous abuse of the affordable housing law,” a Rhode Island state senator said of the “8-Law” tax breaks for Arnold “Buff” Chace, which are worth about $42 million over 30 years
The City Council has filed a legal action against the 2021 agreement with Arnold “Buff” Chace.
Mayor Brett Smiley says he doesn’t support the deal, which was negotiated by the previous mayor’s administration.
Rich Pezzillo and his husband Michael DeGrandpre made a lot of ricotta cookies this year — 628 to be exact.