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NEW ROCHELLE, N.Y. -- The 40-unit Shiloh Senior Apartments officially opened in New Rochelle this week, Gov. Andrew Cuomo announced.
The complex provides energy-efficient, affordable apartments for senior citizens, Cuomo said. The state invested $10 million in tax credits, bonds and grants for the project through the Housing Finance Agency of New York State Homes and Community Renewal and partnered with the U.S. Department of Housing and Urban Development, the City of New Rochelle, Westhab, Inc. and Shiloh Community Development Corporation to create a model of affordability, sustainability, and collaboration.
"The state-of-the art Shiloh Senior Apartments will offer high-quality homes for the elderly in one of the costliest parts of the State—allowing seniors to stay in the community they call home, live independently, and add to Westchester's economic vitality," Cuomo said in the announcement. "These are the types of investments in housing and in people’s lives that New York is making to create strong communities and increase quality of life for everyone."
The building is equipped with High Performance and Smart Building Technology including computer optimized control of exhaust fans, common areas and lights, as well as high efficiency elevators and low-flow kitchen and bath fixtures.
In addition to the HFA credits and subsidies, financing for Shiloh Senior Apartments also includes $7 million from HUD’s Section 202 program. Additionally, the City of New Rochelle provided $1.6 million in HOME funds.
Rents are set at 30 percent of each tenant’s income, and eligible tenants must earn less than 50 percent of the Area Median Income.
Amenities include individually controlled heat and air conditioning, air conditioned common areas, a community room, an exercise room, tenant laundry and a lounge on each floor, on-site support services and free transport for shopping, outdoor passive recreation and a gazebo.
New Rochelle Mayor Noam Bramson praised the development.
“This development represents an outstanding example of collaboration between government and the non-profit sector to provide quality, affordable housing for our community’s seniors, while making a positive contribution to the neighborhood in which it is built," he said. "We are pleased to have been able to support such a project.”
Comments (1)
Does this project help build up New Rochelle's tax base or is this tax exempt project?
btw, from the description of who's allowed to occupy these units, this sounds like another housing project.