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Projects in Development

 

41-47 Clinton Place, New Rochelle

  • New Construction, 28,432 Square Feet

  • 25 Family Apartments for Workforce Housing including Veterans and Seniors

  • 3 Studios, 11 one-bedrooms, 11 two-bedrooms

  • $10 Million in total costs (NYS DHCR, NYS Housing Trust Fund Corporation, HHAP, Federal Home Loan Bank, US Dept of HUD, City of New Rochelle, Westchester County New Homes Land Acquisition Program, Westchester Bank, Low-Income Housing Tax Credit Equity provided by WNC & Associates

  • Six Story Elevator Building with Energy Star Appliances and many other Green Features including Green Roof with Community Room, high efficiency central heating and cooling, energy efficient windows, and compact fluorescent lighting with motion sensors in public spaces

  • Ground Floor Outdoor Play Area, On-site Laundry Facilities, Tenant Storage and Parking

  • Rent rage $775-$1,350 per month

  • Expected Occupancy: Fall 2008


79 William Street, Yonkers

  • New Construction, 20,797 Square Feet

  • 20 Affordable Condominiums for Workforce Housing

  • 4 one-Bedrooms, 16 Two Bedrooms

  • $8 Million on total costs (Commercial Loan)

  • Five Story Elevator Building with Energy Star Appliances and many other Green Features

  • Green Roof, Air Cooled Units, On-Site Laundry, Storage and Parking

  • Sale Price Ranges $180,000- $250,000

  • Expected Occupancy: Summer 2009

157 Bruce Ave, Yonkers

  • New Construction, 32,540 Square Feet

  • 33 Apartments/beds for Disabled Veterans

  • 14 Single Rooms and 19 Studios

  • $8.4 Million in total costs (US Dept. of HUD, NYS HHAP, Westchester County IDA Tax Exempt Bonds and LIHTC's, and Federal Home Loan Bank)

  • Six Story Elevator Building with Energy Star Appliances and many other Green Features

  • Community Room, Air Cooled Units, On-site Tenant Laundry, Storage and Parking

  • Rent Range $400-$700 per month

  • Expected Occupancy: Summer 2009

45 North Tenth Avenue, Mount Vernon

  • Joint Venture with Boys and Girls Club of Mount Vernon

  • New Construction, 33,220 Square Feet

  • 21 Family Apartments for Grandparents raising Grandchildren and a large program space for Boys and Girls Club activities

  • 20 two-bedrooms and 1 one-bedroom

  • $14 Million in total costs (NYS HFA, NYS HHAP, Federal Home Loan Bank, US Dept of HUD, Westchester County New Homes Land Acquisition Program)

  • Five Story Elevator Building with Energy Star Appliances and many other Green Features

  • Green Roof with Community Rooms, Air Cooled Units, On-site Tenant Laundry, Storage and Parking

  • 10,000 Square Foot Boys and Girls Club Program Space

  • Rent range $400-$600 per month

  • Expected Occupancy: Late Fall 2009

22 Tarrytown Road, Greenburgh

  • New Construction, 34,465 Square Feet

  • 43 Apartments for Work Force Housing including Veterans

  • 17 Studios, 15 one-bedrooms, and 10 two-bedrooms

  • $14 Million in total costs (NYS DHCR, NYS Housing Trust Fund Corporation, Federal Home Loan Bank, US Dept of HUD, Westchester County New Homes Land Acquisition Program, and Capital One Bank)

  • Six Story Elevator Building with Energy Star Appliances and many other Green Features including Green Roof with Community Room, high efficiency central heating and cooling, energy efficient windows, and compact fluorescent lighting with motion sensors in public spaces

  • Ground Floor Outdoor Play Area, On-site Laundry Facilities, Tenant Storage and Parking

  • Rent range $460-$1470 per month

  • Expected Occupancy: Winter 2009/2010


45, 47 Kress Avenue, New Rochelle

  • Joint Venture with Shiloh Baptist Community Development Corporation

  • New Construction, 45,379 Square Feet

  • 40 Single Apartments for Senior Citizens

  • $12 Million in total costs (US Dept of HUD 202 Program, Federal Home Loan Bank, Westchester County Housing Infrastructure Funds, Tax Exempt Bond and 4% LIHTC's)

  • Five Story Elevator Building with Energy Star Appliances and many other Green Features

  • On-site Community Room, Air Cooled Units, Tenant Laundry, Storage and Parking

  • Rent range $400-$600 per month

  • Expected Occupancy: Late Fall 2009

7-17 Ludlow Street, Yonkers (Photo to Come)
  • New Construction, 69,000 Square Feet

  • 6 studios, 30 one-Bedrooms, 12 two-bedrooms, 12 three-bedrooms

  • $24 Million in total costs (NYS DHCR, Federal Home Loan Bank, US Dept. of HUD and a Commercial Loan)

  • Six Story Elevator Building with Energy Star Appliances and many other Green Features

  • Green Rood, Community Room, Air Cooled Units, On-site Tenant Laundry, Storage, and Parking

  • Rent Range $800-$1600 per month
  • Expected Occupancy: Early Spring 2009

986 E. 181st Street, Bronx (Photo to Come)
  • New Construction, 40,441Square Feet

  • 40 Family Apartments for Workforce Housing

  • 7 Studios, 16 one-bedrooms, 17 two Bedrooms

  • $12.5 Million in total costs (DHCR LIHTC's, HPD, HTF, MERP, and a commercial Lender)

  • Six Story Elevator Building with Energy Star Appliances and many other Green Features

  • Green Roof, Community Room, Air Cooled Units, On-Site Laundry, Storage and Parking

  • Rent Range $600-$1,100 per month

  • Expected Occupancy: Spring 2009

99 Park Hill, Yonkers (Photo to Come)

  • New Construction, 10,000 Square Feet

  • 10 Affordable Condominiums for Workforce Housing

  • 2 one-Bedrooms, 8 two Bedrooms

  • $4 Million on total costs (Commercial Loan)

  • Four Story Elevator Building with Energy Star Appliances and many other Green Features

  • Green Roof, Air Cooled Units, On-Site Laundry, Storage and Parking

  • Sale Price Ranges $180,000-$250,000

  • Expected Occupancy: Summer 2009