KINGSTON – The Westchester Medical Center Health Network (WMCHealth) has granted $1.3 million to RUPCO to advance the Home Regen Project.
Short for Regeneration, the scope includes the rehabilitation of 10 vacant homes in the City of Kingston, which are expected to create homeownership opportunities for low-moderate income first-time homebuyers earning 60 percent to 80 percent of the Area Median Income.
These housing funds originated as proceeds from a sale of property within the Bon Secours Health System.
WMCHealth Network through its member, Bon Secours Charity Health System, had discretion to direct the use of these funds within its Hudson Valley footprint.
WMCHealth and RUPCO worked with the State Attorney General’s Office and the New York City Department of Housing Preservation and Development to direct the release of these proceeds, which will support the creation of low-income housing in Kingston, home to WMCHealth’s HealthAlliance Hospital.
The properties to be rehabilitated by RUPCO were acquired from the City of Kingston, a partner in this community redevelopment project.
The buildings are located at 232 Elmendorf St., 33 & 44 Franklin St., 54 Van Deusen St., 3 Tenbroeck Ave., 22 Staples St., 98 Down St., 50 Crane St., 89 Newkirk Ave, 112 Hone St.
The homes are a mix of single-family and multi-family houses that will undergo complete gut renovations to be transformed into energy-efficient homes, using passive house design principles.
RUPCO has begun remediation work on two properties and anticipates that all the homes will be completed and sold by the end of 2024.
The project is also receiving funds in the amount of $500,000 from the NoVo Foundation, and amounts to be determined from the City of Kingston and New York State Homes and Community Renewal.
RUPCO has also partnered with Ulster YouthBuild – a job training educational, leadership, and community development program for out-of-school low-income young adults – for the rehabilitation of 50 Crane St Street.
