Description
Penrose's PILOT to acquire and fully renovate the Kenny and Bourne apartments was approved, with clawback provisions added tying the tax benefit to completion of repairs.
Impact summary
205 families get fully renovated apartments without rent increases; taxpayers subsidize a 32-year tax break in exchange.
Applicant
- Name
- Penrose
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Approved6–0, unanimous
Last discussed Apr 13, 2026.
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