Summary
A payment-in-lieu-of-taxes agreement for the Bourne and Kenney affordable housing development would set how much the project pays the city instead of full property taxes.
At a glance
- Total mentions
- 10
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 24, 2026.
Impact analysis
Reduces the property tax revenue the city would otherwise collect from the Bourne and Kenney property; the specific PILOT terms were not published.
The affordable housing development and its future residents.
The city forgoes some property tax revenue that would otherwise fund services.
Mentions & discussions (10)
City Council - Sep 24, 2026
The city was set to review a payment-in-lieu-of-taxes deal for a project that would create about 143 affordable apartments on Liberty Street. The PILOT structure determines how much the developer pays the city instead of full property taxes.
City Council - Aug 6, 2026
A presentation on a payment-in-lieu-of-taxes deal for the 1 Lafayette development. PILOTs affect how much property tax revenue the city collects from major projects.
City Council - May 21, 2026
A proposed NEPA finding would clear the way for rehabilitating the Bourne and Kenney Apartments, federally supported affordable housing. The resolution says the project has no significant environmental impact.
City Council - May 11, 2026
The Council took up an amendment to the site development agreement and a PILOT tax agreement with Kearney Realty & Development Group — arrangements that shape a private development project and its property tax treatment.
City Council - May 7, 2026
The council was to consider a second amendment to a site development agreement with Kearney Realty & Development Group for properties at 137 Smith Street and 140 and 146 Montgomery Street, plus a payment-in-lieu-of-taxes agreement for Newburgh Green Apartments. PILOT deals shape how much tax revenue the city collects from redeveloped affordable housing.
City Council - Mar 2, 2026
A payment-in-lieu-of-taxes deal for the Bourne and Kenney housing development was back before the Council under Old Business — PILOTs trade some future property tax revenue for affordable housing commitments.
City Council - Feb 19, 2026
A payment-in-lieu-of-taxes agreement for the Bourne and Kenney affordable housing development would set how much the project pays the city instead of full property taxes.
City Council - Feb 9, 2026
A payment-in-lieu-of-taxes agreement with the Bourne and Kenney Housing Development Fund Company was scheduled under old business — a deal that shapes how much the affordable housing entity pays the city instead of property taxes.
City Council - Feb 2, 2026
A payment in lieu of taxes agreement was proposed with a housing development fund company, which typically supports affordable housing but affects property tax revenue.
City Council - Jan 22, 2026
Developer Pennrose was scheduled to present the Bourne and Kenney Apartments project, paired with a proposed payment-in-lieu-of-taxes agreement with the project's housing development fund company. The PILOT shapes how much the property contributes to city finances.
Related development
Kearney Realty Site Development Agreement Amendment (137 Smith Street; 140 and 146 Montgomery Street)
The deal could shape a significant development in the city, with the PILOT terms determining how much property tax revenue the city forgoes.
Kearney Realty Site Development Agreement Amendment and PILOT Agreement
The deal could shape a significant development in the city, with the PILOT terms determining how much property tax revenue the city forgoes.
Bourne and Kenney Apartments Rehabilitation
The project would add affordable housing in Newburgh, with the PILOT shaping its long-term tax contribution to the city.
One Lafayette Housing Development Fund Corporation PILOT
The PILOT shapes both the affordability of the housing and how much tax revenue the city collects from these parcels.
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