Jersey City Council approves 30-year PILOT for Bayfront with 35% affordable housing

The Jersey City Council unanimously approved a 30-year payment in lieu of taxes (PILOT) for the Bayfront project that boasts 35 percent affordable housing at last night’s meeting. By John Heinis/Hudson County View “As promised when I became Mayor, we moved away from decades-old practices of harmful over reliance on tax abatements and still achieved … Continue reading Jersey City Council approves 30-year PILOT for Bayfront with 35% affordable housing