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Evansville council approves 30-year PILOT for 264-unit Eastfield Reserve affordable housing
Summary
The common council adopted Ordinance G2025-10 to approve a 30-year payment-in-lieu-of-taxes (PILOT) agreement for Eastfield Reserve, a 264‑unit low-income housing tax credit development at 3200 North Burkhart Road. The developer and city staff outlined the financing timeline, unit mix and regulatory requirements tied to section 42 tax credits.
The Evansville common council on April 28 adopted Ordinance G2025-10, approving a 30-year payment-in-lieu-of-taxes (PILOT) agreement to support Eastfield Reserve, a new 264-unit affordable multifamily development proposed for 3200 North Burkhart Road.
City staff described the project as a low-income housing tax credit development that will reserve units for households at 60% area median income and below and explained the PILOT is a financing incentive that lets the city negotiate annual payments in place of standard…
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