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Committee approves PILOT for 200-unit Sullivan Development project on Southern Avenue
Summary
The Metropolitan and Economic Development Committee approved a PILOT (proposal 212) for a 200-unit affordable housing project by Sullivan Development on or near Southern Avenue (developers cited Sutherland/Southern Avenue). The project will be financed partly by LIHTC, IHCA funds and bank loans; rents and unit mix align with LIHTC 60% AMI limits.
The Metropolitan and Economic Development Committee on July 14 approved a payment-in-lieu-of-taxes (PILOT) for a 200-unit affordable housing development to be built on Southern Avenue (proposal 212), presented by Sullivan Development.
Ashley Miller, Department of Metropolitan Development staff, introduced the item and said the project will create 200 units accessible to households at or below 60%…
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