The Hudson Industrial Development Agency (IDA) meets next Wednesday, May 7. The meeting packet does not include an agenda for the meeting, so it is not clear if the request for a PILOT (payment in lieu of taxes) and other tax abatements for the building proposed for 75 North Seventh Street will be on the agenda. The IDA held a public hearing about the project on March 26. The minutes from that public hearing can be found here, beginning on page 5.
Whether or not a vote on a PILOT for 75 North Seventh Street is imminent, now seems a good time to check up on the Galvan building across the street, 76 North Seventh Street, which has been accepting lease applications for a while now and is expected to be ready for occupancy in July.
This building, which has been classified as "workforce housing," is intended for households with incomes of 80 to 130 percent of the area median income (AMI), that is the AMI for Columbia County not for Hudson. The chart below indicates that the AMI in 2025 for Columbia County is $113,100. (Click on the image to enlarge.) HILI stands for "HUD Low Income Limit."
In September 2021, the IDA granted 76 North Seventh Street a twenty-year PILOT.
The building is now being advertised on Zillow and other apartment search sites. This information about rent prices was found on Zillow.
This list indicates how many units of each type are "available now," which seems to suggest that the rest of the apartments of that size have already been leased. The building has a total of 36 one-bedroom units, 19 two-bedroom units, and 8 three-bedroom units--for a total of 63 units.
The building being proposed for the other side of the street, 75 North Seventh Street, is to have 75 units: 15 reserved for households with incomes of less than 80 percent of the AMI and 5 reserved for households with incomes of less than 130 percent of the AMI. The other 55 units will be market rate. The following rent levels were included in Galvan's application to the IDA, submitted in May 2024, and found in the report from BJH Advisors.
It should be noted that the high end of all the actual rents for apartments in the workforce housing building at 76 North Seventh Street are higher than what Galvan projected in its application to the IDA for the market rate apartments in the building proposed for 75 North Second Street.
COPYRIGHT 2025 CAROLE OSTERINK
Gratitude to Christine Hannett Garner, whose April 30 post on Facebook helped inspire this post.
The people on Facebook are mad about this… but do they know that their “local” champions: mayor Kamal Johnson and Claire Cousins fought for its planning board approval and subsequent pilots. So we as taxpayers and renters have to pay more to subsidize this crap, luxury apartments for “city people” and pay more in taxes and rent so that this billionaire can do what they do. It’s gross, wake up people. Wake up people
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