The Westchester County Industrial Development Agency (IDA) recently voted preliminary approval of $912,062 in financial incentives for the renovation of two affordable housing developments in Mount Vernon and Tarrytown. The two projects comprise a total of 250 units of affordable housing.

The IDA Board gave preliminary approval of $653,672 of financial incentives and $27.5 million in tax-exempt bond financing for renovating Ebony Gardens, a multi-family complex in Mount Vernon comprised of seven garden-style apartment buildings with a total of 144 units of affordable housing targeting tenants earning 60 percent of area median income.

Renovations will include upgraded kitchens and baths, new windows, new roofs, upgrading of facades and upgrading of mechanical systems. In addition, there will be a new amenities building with a fitness room, business center and community room. The complex will be wired for wifi that will be provided free of charges to the residents.

Renovations will include new kitchens and baths, new roofing and windows and improvement to mechanical systems for greater energy efficiency.

Located at 138 South Sixth Avenue, Ebony Gardens was built in the early 1980s and was in continuous operation as housing for low-income families. The $7.9 million renovation project is expected to create 41 construction jobs and create and retain 40 full-time jobs. The developer of the project is an affiliate of Related Companies, one of the largest developers and preservationists of affordable and workforce housing in the nation.

The Board has also voted preliminary approval of $258,392 in financial incentives for renovation of Asbury Terrace Apartments, a nine-story, 106-unit apartment building located at1 River Road in Tarrytown. The building features 36 one-bedroom apartments, 45 two-bedroom apartments, 25 three-bedroom apartments, plus an apartment for the building superintendent. The building is being acquired by Mountco Construction and Development Corp. of Scarsdale which has successfully renovated 17 former HUD properties like Asbury Terrace.

https://patch.com/new-york/tarrytown/westchester-ida-approves-incentives-affordable-housing