Fighting Rising Taxes and Utility Costs: One Company’s Path to Savings
By Caitlin Jones
1 min read
Fighting Rising Taxes and Utility Costs: One Company’s Path to Savings
By Caitlin Jones
0 min read
Tax Credit Advisor, August 2011: For Portland, Me.-based developer Laura Burns, President and CEO of The Eagle Point Companies, controlling operating costs is critical to her firm’s successful management of its affordable apartment properties.
Given this, the company has been reaping positive results from winning property tax appeals and locking in utility rates for a number of its developments. It has also utilized federal dollars to help pay for energy efficiency improvements.
“We’ve tried to make sure that we’re focused on the expense side and where we can save dollars,” says Burns. “And some of the biggest expenses in operating our properties are taxes, utilities, and insurance.”
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