The state Division of Homes and Community Renewal stripped Galvan Initiatives Foundation of Low-Income Housing Tax Credits after the charity demolished two potentially historic buildings without state approval.
The loss of funding forced Galvan to pivot from affordable housing plans, shifting from a mix of market-rate units to primarily workforce housing and market-rate options.
Galvan is currently seeking $3 million in property tax breaks over 20 years from the local industrial development agency, alongside other tax-related assistance.
The Hudson-Catskill Housing Coalition pulled their support for Galvan's tax breaks when the nonprofit shifted its focus away from initially proposed affordable housing.
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