City approves IRB support for 716 Morrow Street workforce housing project
The Manhattan City Commission approved a resolution authorizing industrial revenue bonds and related sales- and property-tax incentives for the five-unit Morrow Flats project at 716 Morrow Street; the developer plans about $800,000 in improvements and a performance-based property tax abatement.
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The Manhattan City Commission on June 17 approved a resolution finding it advisable to issue industrial revenue bonds (IRBs) and to enter an economic development agreement with Midtown Holdings LLC for a five-unit housing project at 716 Morrow Street.
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