Verona Extends PILOT Agreement for Housing Project
Township of VeronaCity · Verona, NJ- Document date
- Mar 18, 2026
The 30-second brief
The Township of Verona amended its PILOT agreement with Verona LIHTC Urban Renewal LLC on March 18, 2026. The amendment extends the tax-exemption and payments-in-lieu-of-taxes term from 30 to 32 years to match the HMFA mortgage term.
Verona Lihtc Urban Renewal LLC holds this contract with Township of Verona.
Term as filed: 32 years from the Tax Exemption Commencement Date, replacing the prior 30-year term.
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Contract details
- Document date
- March 18, 2026
- Term
- 32 years from the Tax Exemption Commencement Date, replacing the prior 30-year term
- Agency
- Township of Verona
- Source document
- Township of Verona Agreement Third Amendment to Agreement for Payments in Lieu of Taxes 2026-03-18 (Agreement)
Verona Lihtc Urban Renewal LLC's other public contracts
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Questions about this contract
Who was awarded the government contract by Township of Verona?
Verona Lihtc Urban Renewal LLC was awarded this government contract by Township of Verona, as recorded on March 18, 2026.
What type of contract is this?
This is a government contract, documented as a agreement record.
Where was this contract approved?
This contract appears in Township of Verona Agreement Third Amendment to Agreement for Payments in Lieu of Taxes 2026-03-18 (Agreement), dated March 18, 2026 from Township of Verona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Verona Lihtc Urban Renewal LLC hold?
Verona Lihtc Urban Renewal LLC 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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What is Township of Verona currently buying?
Explore Township of Verona's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
