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Council approves PILOT with Renaissance Towers; project described as largest affordable housing redevelopment in state
Hammond Common Council · October 28, 2025
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Summary
The council approved a payment-in-lieu-of-taxes agreement with Renaissance Towers and Apartments: $95,000 starting in 2027, increasing 3% annually for 30 years, tied to a $27 million investment including 450 units and two senior-living towers.
The Hammond Common Council approved Ordinance 25-28 on Oct. 27, authorizing a payment-in-lieu-of-taxes (PILOT) agreement with the Renaissance Towers and Apartments. The agreement begins in 2027 with an annual payment of $95,000 that will…
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