Payments in Lieu of Taxes (PILOT)

Lead Agencies

Industrial Development Board (IDB)

Finance Authority of New Orleans (FANO)

Description

These agencies can structure Payments-in-Lieu-of-Taxes as an incentive for economic development. FANO has expertise in affordable housing and has an agreement with the City to provide incentives to developments subject to Mandatory Inclusionary Zoning. Program requirements include local hire and DBE compliance.

Learn more about PILOTs from the IDB
 

Learn more about PILOTs from FANO
 

Best Used For

    • New construction on commercial or residential developments
 

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