WGXC-90.7 FM

There is still no new affordable housing coming to Hudson

Jul 28, 2021 12:55 pm

Roger Hannigan Gilson reports in the Times Union that though there is a definite housing crisis in the city of Hudson, there is no movement on the issue. The city's largest developer is threatening lawsuits, as some city officials are against large tax breaks. Rents have tripled between 2000 and 2019 in Hudson, and then jumped 20 percent more in the past year as downstate residents displaced locals amid the COVID-19 pandemic. Last year, the Hudson Common Council voted down a generous Payment in Lieu of Taxes plan for one affordable housing project proposed by the Galvan Foundation, and last week an independent analysis of two other PILOTs for housing projects from Galvan came back to the Hudson IDA. The analysis found the terms of one of the PILOTs was unnecessarily favorable to Galvan and recommended decreasing the total property tax breaks from $8.9 million to $8.4 million. The Galvan Foundation and the for-profit Galvan Partners LLC are Hudson's largest property owners. They own at least 89 parcels in the city worth more than $38 million. Certainly they have the means, and city officials are united saying the area needs affordable housing. Yet, still, no new affordable housing is being built in Hudson. Read more about this story in the Times Union.

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