Hudson Valley Receives State Money For Affordable Housing

POUGHKEEPSIE, NY — Seven affordable housing developments in the Hudson Valley have been awarded $37.2 million by the state to create or preserve 486 affordable homes. Gov. Andrew Cuomo made the announcement Thursday.

Four of the projects that will benefit from the funding are in the mid-Hudson Valley.

The funding is part of more than $200 million the state is awarding to build or preserve more than 2,800 affordable apartments across the state.

“This investment is a significant milestone in New York’s $20 billion housing and homelessness plan, and a giant step forward in our efforts to increase access to homes for families, seniors and our most vulnerable men and women across the state,” Cuomo said.

“These resources will help the region build affordable, stronger, better neighborhoods for our residents for generations to come,” he said.

The awards for the Hudson Valley region are as follows:

Constructing New Mixed-Income, Energy-Efficient Homes in the Mid-Hudson Valley

$6.3 Million for RUPCO Energy Square, Kingston. This is the new construction of a 57-unit mixed-income, mixed-use building in a mixed-use neighborhood, including nine units for persons who are homeless, seven of which will receive services and operating subsidies through Governor Cuomo's 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.

$4.5 Million for West End Lofts, Beacon. The development is the new construction of a mixed-income, transit-oriented development consisting of two buildings and 73 affordable apartments for middle income families and individuals, including 11 units for persons with physical disabilities/traumatic brain injury. The workforce family development is in close proximity to the City of Beacon's Metro-North train station.

Revitalizing Middle Main Neighborhood in Poughkeepsie

$4.4 Million for Fallkill Commons on Rose, Poughkeepsie. The newly constructed development is part of the Middle Main Initiative to revitalize the City of Poughkeepsie's Middle Main neighborhood and is a priority of the Mid-Hudson Regional Economic Development Council. 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 Governor Cuomo's Empire State Supportive Housing Initiative.

Breaking Down Barriers to Opportunity

$5.2 Million for Lewisboro Commons. The 42-apartment development will 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 multiple 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.

Tackling Homelessness with Supportive Housing

$6.3 Million for Isabella Apartments and $6.3 Million for Golden Ridge II Apartments, Village of Monticello. These two newly constructed developments are the second and third phases in a larger four-phase master development in this Sullivan County community. Each development will offer 81 residential units and each will include 25 supportive apartments for formerly homeless individuals who will receive services and support through Governor Cuomo's Empire State Supportive Housing Initiative.

Increasing Housing Opportunities for Seniors

$4.1 Million for Hillcrest Commons Phase II, Town of Carmel. The newly constructed development offers 74 apartments for mixed-income seniors age 55 and up. Hillcrest Commons 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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