Friday, May 11, 2018

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State allocates over $37 million to affordable Mid-Hudson housing developments

ALBANY – The state has awarded $37.2 million to seven affordable housing developments in the Mid-Hudson Valley that will create or preserve 486 affordable homes.

RUPCO will receive $6.3 million for Energy Square in Kingston, new construction of a 57-unit mixed-income, mixed-use building in a mixed-use neighborhood. It will include nine units for homeless persons, seven of which will receive services and operating subsidies through the Empire State Supportive Housing Initiative.

Energy Square was also awarded $1 million in NYSERDA funding and will incorporate technologies and energy savings features that will enable it to achieve net zero energy performance, making the project capable of producing as much energy as it uses.

West End Lofts in the City of Beacon will receive $4.5 million toward development of a mixed-income, transit-oriented development considering of two buildings and 73 affordable apartments for middle income families and individuals, including 11 units for persons with physical disabilities or traumatic brain injury.

The workforce family development is near the Beacon Metro-North train station.

A total of $4.4 million has been allocated for Fallkill Commons on Rose in Poughkeepsie. The newly constructed development is part of the Middle Main Initiative to revitalize the city’s Middle Main neighborhood. The development will transform eight dilapidated parcels into 78 affordable homes in a walkable community with easy access to transit, retail and other amenities. Thirty-nine of the apartments will serve formerly homeless individuals who will receive services and support through the Empire State Supportive Housing Initiative.

Lewisboro Commons will receive $5.2 million toward the development of 42 apartments to accommodate families and individuals in a residential neighborhood with many outdoor amenities. The development is close to a main thoroughfare and the Metro-North Goldens Bridge train station, providing direct access to many areas of employment. Lewisboro Commons is being built in an area that has low poverty, access to good jobs, and is served by high-performing schools.

A total of $6.3 million has been allotted for Isabella Apartments and $6.3 million for Golden Ridge II apartments, both in the Village of Monticello. The two newly constructed developments are the second and third phases in a larger four-phase master development plan in the village. Each development will offer 81 residential units and each will include 25 supportive apartments for formerly homeless persons who will receive services and support through the Empire State Supportive Housing Initiative.

Hillcrest Commons Phase II in the Town of Carmel will receive $4.1 million for the newly constructed development that offers 74 apartments for mixed-income seniors age 55 and up. The facility is being built on vacant land in a rural area in need of senior housing. The development is near services including a grocery store, pharmacy, retail and public transportation.

 


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