Newburgh Considers One Lafayette Affordable Housing PILOT | City of Newburgh | ONE LAFAYETTE HOUSING DEVELOPMENT FUND CORPORATION

Scope & details

The full contract record, as filed.

Contract amount

First annual PILOT payment of $108,750.00, increasing 3% annually with step-ups in years 18 and 26; 30-year payment schedule provided.

Contract type

OTHER

Contract term

30 years, measured from the City's first taxable status date following issuance of a permanent certificate of occupancy

Renewal

The agreement provides a 30-year tax-exemption and PILOT period; it may not be amended, modified, or terminated except by a written instrument executed by the parties. The agreement is subject to execution by the parties by an unspecified deadline.

Document type

Agenda

Source document

City of Newburgh Agenda September 28, 2026

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City of Newburgh AgendaPacket Council Work Session September 24, 2026

PENDING

City of Newburgh, New YorkAnnual PILOT beginning at $108,750.00 for the first taxable year, increasing 3% annuallySep 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Newburgh?

One Lafayette Housing Development Fund Corporation was awarded this government contract by City of Newburgh, as recorded on September 28, 2026. The contract value is First annual PILOT payment of $108,750.00, increasing 3% annually with step-ups in years 18 and 26; 30-year payment schedule provided..

How much is the One Lafayette Housing Development Fund Corporation contract with City of Newburgh worth?

The One Lafayette Housing Development Fund Corporation contract with City of Newburgh is valued at First annual PILOT payment of $108,750.00, increasing 3% annually with step-ups in years 18 and 26; 30-year payment schedule provided..

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Newburgh Agenda September 28, 2026 (Agenda), dated September 28, 2026 from City of Newburgh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does One Lafayette Housing Development Fund Corporation hold?

One Lafayette Housing Development Fund Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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