Bourne and Kenney PILOT agreement
Summary
The council pushed for stronger language to protect residents of the Kennedy Homes development, but the developer's attorneys haven't responded yet. The item stays on the table pending Monday's council meeting.
At a glance
- Total mentions
- 12
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 24, 2026.
Impact analysis
PILOT terms affect future property tax revenue from the redevelopment site.
Kennedy Homes residents benefit if stronger protective language is secured.
Tenants continue living in unsafe conditions while the deal stalls.
Mentions & discussions (12)
City Council - Sep 24, 2026
The city was set to review a payment-in-lieu-of-taxes deal for a project that would create about 143 affordable apartments on Liberty Street. The PILOT structure determines how much the developer pays the city instead of full property taxes.
City Council - Aug 6, 2026
A presentation on a payment-in-lieu-of-taxes deal for the 1 Lafayette development. PILOTs affect how much property tax revenue the city collects from major projects.
City Council - May 21, 2026
A proposed NEPA finding would clear the way for rehabilitating the Bourne and Kenney Apartments, federally supported affordable housing. The resolution says the project has no significant environmental impact.
City Council - May 11, 2026
The Council took up an amendment to the site development agreement and a PILOT tax agreement with Kearney Realty & Development Group — arrangements that shape a private development project and its property tax treatment.
City Council - May 7, 2026
The council was to consider a second amendment to a site development agreement with Kearney Realty & Development Group for properties at 137 Smith Street and 140 and 146 Montgomery Street, plus a payment-in-lieu-of-taxes agreement for Newburgh Green Apartments. PILOT deals shape how much tax revenue the city collects from redeveloped affordable housing.
City Council - Apr 13, 2026
The council approved a PILOT with Penrose to buy and fully renovate the apartments where 205 families live in poor conditions, with clawback provisions tying the tax break to repairs. Residents testified about mold and neglect; debate centered on whether the current landlord was broke or negligent.
City Council - Mar 2, 2026
Tenants described living without heat or hot water, with mold and unanswered code compliance calls. The council is holding the sale-related PILOT until the developer agrees to stronger maintenance language, and Councilmember Stewart wants a town hall with all residents before any vote.
City Council - Feb 19, 2026
The council pushed for stronger language to protect residents of the Kennedy Homes development, but the developer's attorneys haven't responded yet. The item stays on the table pending Monday's council meeting.
City Council - Feb 9, 2026
Residents of the Kenney Apartments have been living without heat and hot water during winter, and the council tabled the tax break deal for the building's new owners until stronger, city-level enforcement language is added. Councilmembers said HUD-linked default provisions aren't enough; residents asked for a state of emergency and a new boiler.
City Council - Feb 5, 2026
The proposed new owner of the Bourne and Kenny complexes needs a PILOT to finance the purchase and renovations, but council members want habitability clawbacks — like real consequences for chronic boiler failures — before Monday's vote. The Attorney General's lawsuit against the current owner could complicate the sale timeline.
City Council - Feb 2, 2026
A payment in lieu of taxes agreement was proposed with a housing development fund company, which typically supports affordable housing but affects property tax revenue.
City Council - Jan 22, 2026
Developer Pennrose was scheduled to present the Bourne and Kenney Apartments project, paired with a proposed payment-in-lieu-of-taxes agreement with the project's housing development fund company. The PILOT shapes how much the property contributes to city finances.
Related development
Bourne and Kenney Apartments PILOT Agreement
Tabling delays the redevelopment of the complex but keeps pressure on the owners to fix heat, hot water, and maintenance problems before receiving tax benefits.
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.
Bourne and Kenny housing complexes acquisition PILOT
If the deal closes, residents get a new owner and renovations; without a PILOT, no buyer has emerged in 20 years.
Bourne and Kenney Apartments Rehabilitation
Roughly 300 households get brand-new kitchens, bathrooms and mechanical systems, temporary relocation support during construction, and expanded voucher access — while the city takes on a 33-year tax exemption with new enforcement teeth.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Newburgh
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.