Richardson Townhomes PILOT agreement
Marion CountyIndiana- Detected
- Oct 29, 2026
- 5 days ago
- Sector
- Grants
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From the meeting
The City-County Council approved a payment in lieu of taxes (PILOT) for Richardson Townhomes, an affordable housing project at 56 North Tibbs Avenue in District 18. The project was described as about 40 affordable housing units financed in part with low-income housing tax credits under Section 42. The PILOT Agreement runs up to 15 years, with annual payments set by the Department of Metropolitan Development and increasing 3% each year.
The ordinance was adopted and the agreement was authorized, subject to execution by the owner, DMD, and the City Controller.
- Meeting date
- October 29, 2026
- Agency
- Marion County
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