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Elmington pitches 323‑unit affordable development; East Bank staff expect PILOT application by Jan. 27
Summary
Elmington and East Bank staff briefed the board on a proposed 323‑unit East Bank Flats with a 99‑year affordability commitment and a PILOT request to support Low‑Income Housing Tax Credit financing; staff said a formal application could come to the board at its Jan. 27 meeting.
East Bank Development Authority members heard an informational presentation on a proposed Elmington affordable housing project that would seek a PILOT (payment in lieu of taxes) to make Low‑Income Housing Tax Credit (LIHTC) financing feasible.
Anna Grider, speaking for East Bank staff, introduced the authority’s PILOT role and said an application has not yet been filed. Ben Brewer of Elmington described the proposed East Bank Flats as a 323‑unit…
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