TIF approved for Bryk on Broadway | Post Bulletin : vimarsan

TIF approved for Bryk on Broadway | Post Bulletin


Rochester City Councilvoted unanimously to authorize the public financing support with limited discussion.
The approval came weeks after the DMC Corp. board approved using $2.2 million in DMC state infrastructure funds to support the $39.3 million project.
Known as the Bryk on Broadway Apartments, the planned six-story building will be constructed at the intersection of Civic Center Drive and North Broadway, across from the Kemps dairy facility.
Under the development assistance agreement approved Monday, all units in the complex will be rented below market rate.
The 30-year agreement calls for 54 apartments to be affordable to households earning $50,000, which is 50% of the area median income. Another 18 units will be available for people earning nearly $61,000, with the remaining 108 apartments dedicated to households earning $78,500 a year, which is 80% of the area median income.

Related Keywords

Dirk Erickson , Catherine Malmberg , Rochester City Council , Civic Center , Economic Development Agency , Broadway Apartments , Civic Center Drive , North Broadway , Development Agency , டர்க் எரிக்சன் , கேத்தரின் மாழ்ம்பேர்க் , ரோசெஸ்டர் நகரம் சபை , குடிமை மையம் , அகலப்பாதை குடியிருப்புகள் , குடிமை மையம் இயக்கி , வடக்கு அகலப்பாதை ,

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