PILOT program

A tax break intended to help modernize Stanton Park Apartments won approval Tuesday, but not before city commissioners questioned how quickly the agreement came together and how it could affect local school funding. The Stanton City Commission previously voted 4-1 on Sept. 8 to create framework for payment-in-lieu-of-taxes (PILOT) agreements after Stanton Park Apartments and Sunshine Canyon Apartments both requested such an agreement with the city related to those facilities’ low-income housing tax credit (LIHTC) applications. The post PILOT program first appeared on The Daily News .