Gov. Andrew M. Cuomo today announced millions in funding for affordable housing developments across the state.
$6.3 Million for RUPCO Energy Square, Kingston, Ulster County (pictured above). The Energy Square proposal calls for a modern 57-unit apartment building at the site of a former bowling alley at 20 Cedar St., just off Broadway in Midtown. The building would provide one-, two- and three-bedroom apartments for tenants from a mix of income brackets, with sliding-scale rents ranging from near-market rate to significantly below. Some 10,000 square feet on the ground floor would be set aside for commercial use, including a new home for the Center for Creative Education — a local not-for-profit that provides arts education to underserved communities. Plans call for the building to include geothermal climate control, solar-powered electricity and other features that will render it “net-zero for living,” meaning that tenants will not have to pay utility bills.
$4.5 Million for West End Lofts, Beacon, Dutchess County. 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.
$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.
“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,” state Cuomo in a release. “These resources will help the region build affordable, stronger, better neighborhoods for our residents for generations to come.”