Affordable housing tax breaks weighed for Mount Vernon apartment complexes

June 15, 2017 04:13PM

The Pointe, a proposed $104.9 million mixed-use project with 350 units of affordable housing, is the largest of three new projects being considered for tax breaks by the city of Mount Vernon. The project’s developer, New York City-based MVP Realty Associates, requested a $625,268 mortgage-tax exemption and a $3.6 million sales-tax break, reported. Greater Centennial Homes Housing Development Fund Company and ventilating contractor LTB Mechanical Corp also submitted requests. [Lohud]