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Council approves first reading of tax-exemption pilot for King Community Homes rehabilitation
Summary
The council approved first reading of an ordinance granting a payment-in-lieu-of-taxes (PILOT) to Jackson Interfaith Nonprofit Housing Corporation/King Community Homes to support a planned $6 million rehab of 81 units.
Jackson City Council approved first reading of an ordinance authorizing a payment-in-lieu-of-taxes (PILOT) exemption and related development agreement for Jackson Interfaith Nonprofit Housing Corporation, also known as King Community Homes. The measure passed unanimously at the March 11 meeting.
City staff and King Community Homes representatives said the pilot would support a comprehensive rehabilitation of 81 apartment units and enable the organization to compete for…
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