Greenburgh working with Hastings on affordable housing

GREENBURGH TOWN BOARD WORKING WITH VILLAGE OF HASTINGS -CREATING AFFORDABLE HOUSING BY WAIVING INTEREST AND PENALTIES ON OVERDUE TAXES Last week the Greenburgh Town Board sold the waterwheel property for affordable housing in Ardsley. Yesterday the Town Board decided to waive interest and penalties to overdue taxes on a piece of property located at 52 Washington Ave in the village of Hastings to be used to create three affordable housing units. Although we will lose about $50,000 we're pleased that the property will be used for affordable housing purposes for the life of the structure or 99 years whichever is longer. Once the property is sold the town will collect a our tax liens on the property (which are substantial). And, the property will go back on the tax rolls - helping us long term.
PAUL FEINER