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La Porte approves PILOT agreement to let developer rehabilitate Country Acres apartments
Summary
The council approved a payment-in-lieu-of-taxes agreement to support KCG Development’s planned rehabilitation of Country Acres Apartments, a 100-unit low-income property; the plan uses 9% tax credits, includes temporary relocations for short unit-level work, and maps a PILOT schedule beginning at $70,000 in 2027 ramping up over the next decades.
The La Porte Common Council on April 20 voted to approve a payment-in-lieu-of-taxes (PILOT) agreement to facilitate the renovation of Country Acres Apartments, a 100-unit affordable housing complex. The developer, KCG Development, plans a major rehabilitation beginning after closing in May, with construction slated to start July 1 and completion expected in 2027.
Craig Phillips, who the mayor invited to speak, framed the project as a rehabilitation of a problem property that has generated frequent public-safety calls: he told the council the city logged 977…
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