1 Lafayette PILOT for affordable housing
Summary
The council approved the amended site development agreement and PILOT for Kearney's project, pitched as 'development without displacement' with a right-of-return policy for families displaced by urban renewal. One council member voted no on the development agreement.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 6, 2026.
Impact analysis
The PILOT means the developer pays reduced taxes for a period; the exact figure wasn't stated.
Residents needing affordable housing and descendants of families displaced by urban renewal, who get hiring and housing priority.
Critics like resident Michael LeBron argue the 'right of return' falls short of true reparations for urban renewal displacement.
Mentions & discussions (2)
City Council - Aug 6, 2026
A 144-unit affordable housing project on a vacant Liberty Street lot needs a city council PILOT after a new state prevailing-wage law invalidated its IDA approval path. The council has no formal PILOT review process, and several members say they need time and criteria before approving a 30-year tax deal.
City Council - May 11, 2026
The council approved the amended site development agreement and PILOT for Kearney's project, pitched as 'development without displacement' with a right-of-return policy for families displaced by urban renewal. One council member voted no on the development agreement.
Related development
Kearney Realty Site Development Agreement Amendment (137 Smith Street; 140 and 146 Montgomery Street)
The altered Schedule E changes retail space and residential unit counts; the rental-license requirement binds long-term property maintenance.
Kearney Realty Site Development Agreement Amendment and PILOT Agreement
Brings long-term affordable housing to Newburgh, with a first-priority right of return for families displaced by urban renewal and priority hiring.
1 Lafayette Project PILOT
Would end 46 years of vacancy on a Liberty Corridor corner, add roughly $7 million in PILOT payments over 30 years, and lock in over $25 million in state and county grants.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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