Hudson officials question developer’s request for millions in tax breaks

Galvan Foundation looking to build 138 market-rate and affordable units

Tri-State /
Jul.July 28, 2021 05:23 PM
Hudson officials question developer's request for millions in tax breaks

75 N. Seventh Street and 708 State Street (Google Maps and iStock)

Some local officials are taking issue with a developer’s request for millions of dollars in tax breaks for a pair of proposed apartment complexes in Hudson, N.Y.

The Galvan Foundation, which wants to build two projects of 138 total units, requested a pair of incentives worth $8.5 million for the market-rate and affordable units, according to the Albany Times Union. The funding would be through Payment in Lieu of Taxes packages.

The two projects would rise at 75 N. Seventh Street and 708 State Street.

Some members of the Common Council questioned whether Galvan’s project would be truly affordable for Hudson residents.

Hudson Alderman John Rosenthal introduced a motion supporting a PILOT package for one 67-unit project priced for low-income households, but rejected the request for the other apartment block with middle-income rents, the report noted.

Galvan and city officials have been at odds over before over the same issue — last year the developers withdrew a PILOT request for another project amid negotiations.

[ATU] Dennis Lynch


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