A Resolution was passed authorizing the Metropolitan Development and Housing Agency (MDHA) to negotiate and enter into a PILOT (Payment In Lieu Of Taxes) Agreement with Buena Vista Apartments, L.P. for a multi-family housing project. The project, known as Buena Vista Apartments, will consist of approximately 60 units restricted to individuals and families earning 60% or less of the Area Median Income (AMI). This PILOT agreement provides tax abatements for real and personal property taxes. The total estimated project value upon completion is $9,820,783. Over a 10-year period, a total of $982,764 in taxes would be abated, with Metro receiving $122,663 in lieu of payments. The first-year PILOT payment to Metro will be $10,700, with a 3% annual increase. This is the fifty-fifth PILOT program overall and the third for MDHA in 2025. The project aims to provide additional financial incentives for the construction and rehabilitation of affordable housing units through the federally funded Low-Income Housing Tax Credit (LIHTC) program.