Estella Housing, LLC
 DRAFT PILOT
176 Main Street
Hempstead, NY 11550
Section: 34       Block: 522       Lots:  5 & 327
Parcels: 2
SD- Hempstead - 1

If it were not tax exempt as per NDC Report: $37,642.00
Estimated Taxes Once Built as per SVS Report: $347,130

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

Year					Total
1	           $37,642.00
2	           $37,642.00
3	           $37,642.00
4	           $95,683.00
5	           $97,597.00
6	           $99,549.00
7	         $101,540.00
8	         $103,570.00
9	         $105,642.00
10	         $107,755.00
11	         $109,910.00
12	         $112,108.00
13	         $114,350.00
14	         $116,637.00
15	         $118,970.00
16	         $121,349.00
17	         $123,776.00
18	         $126,252.00
19	          $128,777.00
20	          $131,352.00 
21	          $133,979.00
22	          $136,659.00
23	          $139,392.00
24	          $142,180.00
25	          $145,024.00
26	          $147,924.00
27	          $150,882.00
28	          $153,900.00
29	          $156,978.00
30	          $160,118.00

12/7/21 – DRAFT

This Pilot has NOT been approved by the Hempstead IDA Board