Yonkers

Rendering of 178 Warburton at The Ridgeway - SLCE Architects

Affordable Housing Developers Granted $7.85M in Financing to Complete 178 Warburton at The Ridgeway in Yonkers

Developers behind a new eight-story affordable housing building in Yonkers recently secured more than $7.85 million in construction financing to complete the project. Known as 178 Warburton at The Ridgeway, the development will contain 81 mixed-income rental apartments for households between 30 percent and 90 percent of the area median income.

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Rendering of Point & Ravine Apartments in the Warburton Ravine Urban Renewal Area

Yonkers IDA Votes for $72 Million Development Project in Ravine Neighborhood

A block in the Warburton Ravine Urban Renewal Area of Yonkers will soon see a significant overhaul thanks to the Yonkers Industrial Development Agency (IDA). On September 4, the IDA gave preliminary approval of financial incentives for a $72 million development known as Point & Ravine Apartments, developed through a public partnership between the City of Yonkers and developer Conifer Realty LLC. Construction costs are estimated at $43.4 million and land acquisition at $8.24 million.

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