Basic Search  |  Geographic Searches  |  Advanced Search | Megadeals

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
Project Description: Finance, Insurance and Real Estate; Sold to Hartz Mountain 2010; City received $9M in accelerated land payments over 5 yrs. Acquisition, construction, and equipping of a commercial for profit rental housing facility, including related parking facilities.Sold to 255 Huguenot Owner LLC 2016.
Year: 2019
Major Industry of Parent: real estate
Specific Industry of Parent: real estate
Subsidy Value: $4,900,766
Program Name: Industrial Development Agencies
Awarding Agency: New Rochelle Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 14
Wage Data: $55,000
Wage Data Type: yearly salary
Capital Investment: $87,352,342
Source of Data: (click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.