Chapter 58 Section 8

This is a section of the Mass General Laws that allows a city or town to waive back taxes typically under the premise that without the taxes being waived, the project will never get done. In addition there needs to be a time provided for the rehabilitation, while the end product will provide affordable or low income housing.

The April 26, 2005 Assessors Report of the City Council Council Agenda lists recipients of tax breaks from Chapter 58 Section 8 . In 2003, 12 Castle Street, owned by the Castle Street Development Corporation, had $15,496.38 in back taxes waived for the "redevelopment of affordable housing".

Has this building had rehabbed thus providing affordable or low income housing?