Subsidy Tracker Individual Entry

Company: 
Avalon on the Sound East (Phase II)
Parent Company: 
AvalonBay Communities
Subsidy Source: 
local
Location: 
New York
City: 
New Rochelle
Address: 
40 Memorial Highway
Zip: 
10801
Project Description: 

Acquisition, construction, and equipping of a commercial forprofit rental housing facility, including related parking facilities.Phase II total project cost at time of application was est. at $90M. Actual proj. cost was approx. $150M when built several years later.

Year: 
2011
Major Industry of Parent: 
real estate
Specific Industry of Parent: 
real estate
Subsidy Value: 
$7,987,759
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New Rochelle Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.