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City of Ithaca Awards $35,004 Pilot Contract to Ithaca Neighborhood Housing (September 2025)

City of Ithaca logoCity of Ithaca
Disclosed value
$35,004
From agenda
Approved
Sep 3, 2025
Term
30 years

The 30-second brief

What it covers

Ithaca Neighborhood Housing Services (INHS) requests the City exempt property taxes and enter a 30-year PILOT agreement for the affordable housing project pursuant to Section 577 of NYS Private Housing Finance Law. The proposed annual payment will equal to 12% of its annual net operating income (NOI), but in no event to be less than $35,004 per year, increasing to 15% of NOI beginning in year 16.

Who holds it

Ithaca Neighborhood Housing holds this pilot contract with City of Ithaca.

What happens next

Term as filed: 30 years.

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Contract details

Contract type
Pilot
Amount
$35,004
Document date
September 3, 2025
Term
30 years
Vendor
Ithaca Neighborhood Housing
Agency
City of Ithaca
Source document
common_council_regular_session_agenda.pdf (Agenda)

Ithaca Neighborhood Housing's other public contracts

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Questions about this contract

Who was awarded the pilot contract by City of Ithaca?

Ithaca Neighborhood Housing was awarded this pilot contract by City of Ithaca, as recorded on September 3, 2025. The contract value is $35,004.

How much is the Ithaca Neighborhood Housing contract with City of Ithaca worth?

The Ithaca Neighborhood Housing contract with City of Ithaca is valued at $35,004, covering pilot work.

What type of contract is this?

This is a Pilot contract, documented as a agenda record.

Where was this contract approved?

This contract appears in common_council_regular_session_agenda.pdf (Agenda), dated September 3, 2025 from City of Ithaca. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Ithaca Neighborhood Housing hold?

Ithaca Neighborhood Housing may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Ithaca currently buying?

Explore City of Ithaca's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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