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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
Project Description: 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: 2017
Major Industry of Parent: real estate
Specific Industry of Parent: real estate
Subsidy Value: $4,587,259
Program Name: Industrial Development Agencies
Awarding Agency: New Rochelle Industrial Development Agency
Type of Subsidy: tax credit/rebate
Capital Investment: $87,352,342
Source of Data: (click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.