Summary
The 2007 IDA bonds for Stuhr Gardens are being called, so the owners are refinancing through Fannie Mae. The PILOT stays intact for the rest of its 40-year term, and the IDA keeps its lease and protections while earning a $10,000 fee.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 25, 2026.
Impact analysis
The IDA collects a $10,000 fee (10% of the mortgage recording tax benefit), and the city's PILOT and impact fee revenues are untouched.
Stuhr Gardens residents get building upgrades (paving, roofing, boilers, appliances) funded through the healthier refinancing.
Mentions & discussions (1)
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