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Council OKs 15‑year PILOT for a 180‑unit low‑income housing project; establishes affordable housing fund
Summary
Council approved a 15‑year payment‑in‑lieu‑of‑taxes (PILOT) agreement with Heritage Trails Southbend LP for a 180‑unit low‑income housing project and simultaneously established a city Affordable Housing Fund to receive pilot payments. City officials said pilot payments will be deposited into the fund and used only for eligible affordable housing purposes.
The Common Council voted unanimously to authorize a 15‑year payment‑in‑lieu‑of‑taxes (PILOT) agreement with Heritage Trails Southbend LP to support a 180‑unit low‑income housing project on the city’s south side.
Eric Lavich, director of Growth and Opportunity, told council the pilot is the city’s mechanism to set a fixed payment schedule rather than an uncertain tax abatement. Under the proposal, the developer—identified in the meeting as Burgeon Held/Heritage Trails LP and represented by Cole Caress—would make annual pilot payments directly to the city over…
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