10.6.2026 Tax Increment Financing Board

Meeting summary 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. Topics discussed Adjournment of the meeting — passed Adjournment of the meeting Citizen Input The chair called for citizen input, but none was offered. August 25th Meeting Minutes The board reviewed and approved the meeting minutes from August 25th. Approval of the August 25th Tax Increment Financing Board meeting minutes — approved Approval of the August 25th Tax Increment Financing Board meeting minutes Thomas Alva Edison Building TIE Agreement (138 Hartwell Street) Discussion and vote on a 10-year TIE agreement for a $21 million, 49-unit residential development on the former Silvia School parcel. Approval of the Tax Increment Exemption agreement for the Thomas Alva Edison Building at 138 Hartwell Street — approved Approval of the Tax Increment Exemption agreement for the Thomas Alva Edison Building at 138 Hartwell Street Approval of the Tax Increment Exemption agreement for Charlton Mill Lofts LLC at 109 Howe Street — approved Approval of the Tax Increment Exemption agreement for Charlton Mill Lofts LLC at 109 Howe Street Charlton Mill Lofts LLC TIE Agreement (109 Howe Street) Discussion and vote on a 10-year TIE agreement for a $65 million rehabilitation project creating 147 rental units at 109 Howe Street. Connell Lofts LLC TIE Agreement (650 Plymouth Avenue) Discussion and vote on a 10-year TIE agreement for a $4 million conversion of the former Connell School into 16 studio units. Approval of the Tax Increment Exemption agreement for Connell Lofts LLC at 650 Plymouth Avenue — approved Approval of the Tax Increment Exemption agreement for Connell Lofts LLC at 650 Plymouth Avenue Links Read the meeting summary Watch the full meeting