By Peter Rice on December 4, 2024
The applications passed on a vote of 4-1, with Commissioner Karen McCulloh voting against because she didn’t support one of the projects.
The developments are now reinvestment housing incentive districts, part a state program meant to help developers build housing by returning the incremental property tax increases to the developers as reimbursement for the cost of putting in public infrastructure.
Tyler Holloman from Frontier Development Group applied for an RHID to build 26 townhome units on Little Kitten Avenue with a tax abatement of $1.95 million over 15 years. Gavin Schmidt of Manhattan Infill Housing LLC requested $498,600 in abatements over the course of 18 years to build six units at 300 North 11th St. Zac Burton of Burton Land Company LLC asked for $4.6 million in abatements over about 10 years to build 111 units in the northwest part of Manhattan.
