PGD Baldwin Commons, LLC
 DRAFT PILOT
785 Merrick Road
Baldwin, New York 11510
Current Tax Information: 
Section: 54     Block: 103      Lots:  (154, 345)
Parcels: 1
SD- Baldwin 10 

Current Total Taxes Year: Currently Tax Exempt:  $28,939.24
Estimated Taxes Once Built: $TBD 

•	Based upon Shelter Rent Formula used for Affordable/Workforce Housing Developments
•	10% of (Rental Income less Utility Costs)

Year					Total
1	         $48,237.00
2	         $49,202.00
3	         $50,186.00
4	         $51,189.00
5	         $52,213.00
6	         $53,257.00
7	         $54,323.00
8	         $55,409.00
9	         $56,517.00
10	         $57,648.00
11	         $58,801.00
12	         $59,977.00
13	         $61,176.00
14	         $62,400.00
15	         $63,648.00
16	         $64,921.00
17	         $66,219.00
18	         $67,543.00
19	         $68,894.00
20	          $70,272.00 – 10 Year Extension if Within Compliance
21	          $71,678.00
22	          $73,111.00
23	          $74,573.00
24	          $76,065.00
25	          $77,586.00
26	          $79,138.00
27	          $80,721.00
28	          $82,335.00
29	          $83,982.00
30	          $85,661.00

8/31/21 – DRAFT

This Pilot has NOT been approved by the Hempstead IDA Board