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Subsidy Tracker Individual Entry

Company: Avalon on the Sound (Phase I)
Parent Company: AvalonBay Communities
Subsidy Source: local
Location: New York
City: New Rochelle
Address: 255 Huguenot Street
Zip: 10801
Year: 2007
Major Industry of Parent: real estate
Specific Industry of Parent: real estate
Subsidy Value: $3,291,877
Program Name: Industrial Development Agencies
Awarding Agency: New Rochelle Industrial Development Agency
Type of Subsidy: tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 15
Capital Investment: $87,352,342
Source of Data: unpublished data obtained by New York Jobs with Justice (now ALIGN: The Alliance for a Greater New York) from the New York State Comptroller's Office and the New York State Authorities Budget Office.
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs figure is sum of original estimates of the number of jobs to be created and retained. The Investment Data figure is the total value of the project.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.