ALBANY – The cities of Kingston and Yonkers are the recipients of funding for affordable housing through New York State Homes and Community Renewal.
The Kingston Housing Authority will receive $82.6 million for its redevelopment phase two.
The funds will preserve 158 affordable apartments and new construction of 80 affordable apartments owned by the housing authority at three existing developments.
All apartments are affordable to residents earning at or below 100 percent of the Area Median Income.
The development includes 30 apartments with supportive services for frail elderly residents.
The projects will be developed by the housing authority and Mountco Construction and Development Corp.
The City of Yonkers will receive $12.6 million for Palisades Towers renovation to fully electrify eight buildings owned and operated by the Municipal Housing Authority.
The plan will feature 415 apartments affordable to households earning at or below 60 percent of the Area Median Income.
The project will be developed by L+M Development Partners, Duvernay + Brooks LLC, and the Mulford Corporation, a subsidiary of the Municipal Housing Authority of the City of Yonkers.
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