In 2020, the Municipal Housing Authority for the City of Yonkers (MHACY) was responsible for the renovation of 1,336 affordable housing units as well as the new construction of 425 units to be completed this year.
Through the authority’s Rental Assistance Demonstration Program, more than 1,700 units in Yonkers were renovated in the past three years. The majority of renovations have been completed with the exception of two properties, Calcagno Homes and Loehr Court, which are expected to be finished in 2021.
“The past year has been unlike anything we have ever experienced in our lifetime,” said Wilson Kimball, president and CEO of MHACY. “However, thanks to our dedicated and hardworking staff, we have continued to move forward in redeveloping and renovating more units of affordable housing while continuing to serve the needs of our many residents.”
To expand Yonkers’ affordable housing base in 2021, MHACY will be partnering with market-rate building owners to participate in the Section 8 Housing program. The initiative will benefit developers required to meet affordable housing law criteria by providing vouchers that subsidize rents for income-qualifying tenants through the U.S. Department of Housing and Urban Development.
In the final weeks of 2020, financing closed on 178 Warburton Avenue, a new $56 million mixed-income residential building with 81 units under construction. The development is the fifth phase in a six-phase multi-structure complex called The Ridgeway, with 500 total units of affordable and market-rate housing. The complex consists of redeveloping Cottage Place Gardens, a dilapidated public housing complex with 256 units. 178 Warburton Avenue is being developed by The Community Builders and the Municipal Housing Authority for the City of Yonkers.
The fourth phase of The Ridgeway is 172 Warburton, a $52 million development with 85 residences currently under construction. The final phase will include an additional 92 units. No timeline has been announced for the final phase.
MHACY has several senior housing projects in the pipeline for 2021. La Mora, a senior affordable housing development with 60 units, will be built on the site of the former Longfellow Middle School. MHACY will be partnering with Trinity Associates LLC to develop 105 senior housing units at 345 McLean Avenue, and Conifer Realty LLC for Point & Ravine Apartments, a 120 senior housing units at 56 and 69 Ravine Avenue and 76 Point Street.