The Hillsdale CIty Council has approved a Payment in Lieu of Taxes (PILOT) arrangement for a Workforce Housing development at the Three Meadows subdivision.
Allen Edwin Residential Builders applied for a 10% PILOT for 15 years to support the project which would include three duplex units, to house a total of six families.
Each unit will be two stories, approximately 1,640 square feet, with four bedrooms, two bathrooms and an attached garage.
Construction is expected to start in spring/summer 2024, with completion scheduled for December 2024.
City Manager David Mackie said the project is crucial because there’s a shortage of more than 160,000 housing units across the state.
He said workforce housing is not Low-Income housing–residents can earn in excess of $100,000 a year.
Mackie said the development isn’t a solution for the housing shortage, but it’s a start.
The resolution to approve the PILOT passed by a vote of 8-1–
Councilman Joshua Paladino cast the only vote against the resolution.