• New construction
• $3.5 million affordable rental apartment building
  
• Land donated by Paul and Barry Warhit
• Financing:
  
  • $1,534,600 NYS Homeless Housing & Assistance Corporation
    
  • $1,345,000 Citibank
  • $301,507 Leviticus Fund
    
  • $300,000 Federal Home Loan Bank (sponsorship by HSBC)
  • $50,000 Pre-development loan from Westchester Housing Fund
    
• Four-story elevator building
• 15 units: for formerly homeless families, and families earning less than $45,000 a year.
• Expected occupancy: Fall 2004

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125, 127-131 South Fourth Avenue in Mount Vernon

• Gut rehabilitation
• Approx. $3 million affordable rental apartments
• Funding: Westchester County New Homes Acquisition program
• Funding pending: IDA bond financing with tax credits, Federal Home Loan Bank, HOME
• 20 units: one-, two-,and three-bedroom apartments for families earning less than 60% of Westchester County median income

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5 Lawrence Street, in Yonkers

• Gut rehabilitation
• $1.95 million, 10-unit fire-damaged apartment building for use as a transitional housing facility
• Funding
  • $357,420 Leviticus Fund
  • $1,591,000 Fleet Bank
  • Occupancy: February 2004

   

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217-227 South Waverly Avenue in Yonkers

• New construction
• $6.1 million affordable rental apartment building
• Financing
  • $4,337,700 New York State Homeless Housing & Assistance Corp.
  • $1,718,105 The Bank of New York
  • $50,000 Pre-development loan from the Westchester Housing Fund
• Four story elevator building
• 29-unit, 2 bedroom apartments for formerly homeless families earning less than $45,000 a year
• Construction start: Spring 2004
• Expected occupancy: Spring 2005

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5 Hudson Street in Yonkers

• Renovation
• Substantial upgrades and redesign of existing Westhab-operated special needs housing
• $3.8 million SRO's and studio apartments
• Financing
  • $1,012,800 New York State Homeless Housing & Assistance Corp.
  • $800,000 The Bank of New York
  • $750,000 City of Yonkers HOME
  • $800,000 US Dept of HUD SHP
  • $400,000 Federal Home Loan Bank (sponsored by Hudson Valley Bank)
• Four story elevator building with ground floor commercial space
• 45 units for formerly homeless single adults with special needs

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49 East Third Street in Mount Vernon

• Renovation
• Moderate updgrades of existing Westhab-owned and managed apartment housing for permanent and transitional families and commercial storefronts
• $2.4 million, 28-unit mixed use permanent and transitional apartments
• Financing
  • $1,157,000 The Bank of New York
  • $515,028 Low Income Investment Fund
  • $165,000 New York State Division of Housing and Community Revitalization
  • $100,000 Westchester County HOPWA
  • $150,000 HSBC
  • $126,000 Leviticus Fund
  • $121,825 Westchester County Lead Abatement
  • $88,000 City of Mount Vernon
  • $25,000 CHDO

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95 Elliott Avenue in Yonkers

• Renovation
• Moderate upgrade
• $140,000, 5-unit apartment building
• Financing: New York State Homeless Housing & Assistance Corp.
• 1-2-, and 4-bedroom apartments for formerly homeless families

 

 

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