10.6.2026 Tax Increment Financing Board

The Fall River Tax Increment Financing (TIF) Board met on October 6, 2026, to review and vote on three Tax Increment Exemption (TIE) agreements for residential redevelopment projects seeking Housing Development Incentive Program (HDIP) and historic tax credits. The board approved the meeting minutes from August 25, 2026, and heard presentations from Attorney Fiola and staff regarding each proposal.

The board unanimously approved TIE agreements for all three developments. The first was for the Thomas Alva Edison Building at 138 Hartwell Street (the former Silvia School site), proposing a $21 million investment to construct 49 rental units. The second approval went to Charlton Mill Lofts LLC at 109 Howe Street on Cook Pond, a $65 million rehabilitation creating 147 market-rate rental units in a vacant historic mill. The third approval was for Cornell Lofts LLC at 650 Plymouth Avenue, a $4 million retrofit of the former Connell School into 16 studio units. All three agreements followed the standard exemption schedule of 80% for the first five years and 20% for the subsequent five years.

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