ALBANY – Financing has been awarded to three housing projects in the Hudson Valley – in Newburgh, Highland and Yonkers.
The financing is being distributed through bonds, tax credits and subsidies to preserve affordable, sustainable and supportive homes.
Silver Gardens in the hamlet of Highland is a $20 million, 57-unit, new construction supportive housing development for low-income seniors by RUPCO.
East End Lofts in the City of Newburgh is a $23 million, 66-unit new construction project by the Kearney Realty and Development Group. And, James Linburgh Senior Apartments in the City of Yonkers is a $47 million, new construction project with 94 units for seniors close to a Metro-North Railroad station. The developer is Warburton Avenue Apartments LLC.
East End Lofts in the City of Newburgh is a $23 million, 66-unit new construction project by the Kearney Realty and Development Group.
Mayor Torrance Harvey is pleased with this project.
It’s going to have commercial, retail and mixed income housing, both affordable and market rate housing,” he said.
The awards will increase housing supply in the Hudson Valley and other regions of the state also receiving awards to assist local economic development efforts, fight homelessness with onsite services that keep vulnerable populations safely housed, include sustainable features that advance the state’s climate goals, and offer free broadband to help close the digital divide.
