Description
The owners of the 2007 IDA-financed affordable housing project got approval to redeem the original bonds and refinance with Fannie Mae, with up to $100,000 in mortgage recording tax exemptions and no change to the PILOT.
Impact summary
The affordable housing keeps its PILOT and tax-exempt status for the remaining term, and residents should see building upgrades funded by the new financing.
Applicant
- Name
- Joel Mounty / Mountco
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · Industrial Development Agency
Approved
Last discussed Aug 25, 2026.
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