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Council introduces ordinance to pilot tax-equivalent payments for proposed affordable apartment project; county attorney review pending
Summary
The council gave first reading to Ordinance 2025-2, which would approve a pilot agreement with developer TWG Cowen LP (TDD Development) for an affordable multifamily apartment project; the county attorney will review distribution of payments and the HUD income statistic used.
Delaware County Council introduced Ordinance 2025-2 for its first reading on Jan. 28, 2025, a pilot agreement connected to construction of an affordable multifamily housing development proposed by TWG Cowen LP (doing business as TDD Development).
Ryan Cohen, identified as vice president of tax credit development for the developer, attended the meeting to answer questions. Council members asked where…
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