City-County Council of Indianapolis and Marion County Minutes 2026-05-04
Affordable housing PILOT agreement approved for TWG 707, LP
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Description
The City-County Council approved a PILOT agreement with TWG 707, LP for the 707 North Apartments, requiring annual payments of $15,126 increasing at 3% each year for 40 years. This supports affordable housing for low-income residents at 707 East North Street. Funds will go to the city’s housing trust fund.
Contract Details
Contract Amount
$15,126.00 annually, increasing 3% each year
Vendor
TWG 707 LP
Agency
City of Indianapolis city (balance), IN
Contract Type
OTHER
Document Date
May 4, 2026
Contract Term
40 years after completion of construction
Renewal Date
2066-06-30
Renewal Info
40-year term after construction; renewals or changes would require ordinance amendment.
More from TWG 707 LP
Related Contracts
Indianapolis City-County Council Agenda May 2026
RECOMMENDEDCity of Indianapolis PILOT Agreement TWG 707, LP Jan 2026
APPROVEDIssuing Agency
City of Indianapolis city (balance)
City
City of Indianapolis city (balance), IN
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