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Council approves tax abatement agreement and $2.75 million grant for Brookfield Commons Phase 3
Summary
The council authorized a tax abatement and approved a $2.75 million grant from the Affordable Housing Assistance Fund to support Brookfield Commons Phase 3, a White Plains Housing Authority project that will replace older units and deliver 168 affordable rental apartments, council members said.
The White Plains Common Council authorized a tax abatement agreement under private housing finance law and approved a $2,750,000 grant from the city's Affordable Housing Assistance Fund to support Brookfield Commons Phase 3.
Council members described the funding and abatement as essential to enabling the financing of replacement…
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