CCIDA approves first commercial housing project under updated UTEP

KLM Development LLC will construct three new duplexes totaling six rental units at 15 Hamilton Street in the City of Plattsburgh, complementing an existing duplex already located on the property. — PLATTSBURGH | The Clinton County Industrial Development Agency (CCIDA) has approved its first residential project under the agency’s newly updated Uniform Tax Exemption Policy (UTEP), marking a significant milestone in Clinton County’s effort to support commercial housing and workforce development.

KLM Development LLC will construct three new duplexes totaling six rental units at 15 Hamilton Street in the City of Plattsburgh, complementing an existing duplex already located on the property. The $1.15 million investment includes modest sales and mortgage recording tax exemptions and a three-year real property tax abatement. The developer anticipates sourcing approximately 86 percent of construction costs locally, reinforcing CCIDA’s emphasis on local labor and community benefit.

“This project reflects the type of investment our updated UTEP was designed to support,” said CCIDA Executive Director Molly Ryan. “Housing is foundational to economic growth. With our modernized policy, CCIDA is better positioned to encourage projects that strengthen neighborhoods and give our workforce the modern, quality homes they deserve. We’re proud to see the first project under the revised UTEP advance with a local developer committed to this community.”

Trent Trahan, Chair of the CCIDA Board, emphasized the value of aligning local policy with real housing, commercial and workforce needs. “By refreshing our UTEP, we created a path for responsible development that benefits residents, employers, employees and the broader community. KLM Development’s project fits that intent perfectly, and we’re pleased to support local investment that adds quality housing options.”

Mark Henry, Chairman of the Clinton County Legislature, noted the county-wide economic significance. “Housing is workforce infrastructure. Supporting projects that expand access to high-quality homes strengthens our entire economy. The Legislature appreciates the CCIDA’s proactive approach in addressing our region’s housing needs.”

Construction is expected to begin in late 2025.

CCIDA approves first commercial housing project under updated UTEP

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