Stuhr Gardens Affordable Housing Refinancing
Summary
The 104-unit affordable housing complex at 2000 Frost Lane is refinancing its 2007 bonds. The city agreed to subordinate its impact fee and the IDA's PILOT stays intact through 2047 — no changes to what the owner pays.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Aug 17, 2026.
Impact analysis
No change to the city's impact fee terms; the original bonds totaled $7.2 million.
The affordable housing project stays financially viable, preserving 104 affordable units.
Mentions & discussions (3)
Work Session Meeting - Aug 17, 2026
The 104-unit affordable housing complex at 2000 Frost Lane is refinancing its 2007 bonds. The city agreed to subordinate its impact fee and the IDA's PILOT stays intact through 2047 — no changes to what the owner pays.
Common Council Meeting - Aug 17, 2026
The council approved paperwork letting the 104-unit Stuhr Gardens affordable housing project refinance its 2007 bonds, keeping its reduced-tax agreement in place through 2047.
Work Session Meeting - Mar 2, 2026
The council discussed affordable housing needs and strategy in Peekskill, a topic closely tied to the upcoming Comprehensive Plan work.
Related development
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 Peekskill
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.