Westchester County Affordable Housing Program – And MDG Design + Construction, a consulting group Smith & Henzy and partners are launching a $35.8 million cost-savings housing development in Westchester County.
New York State Housing and Community Development (), MDG Design + Construction LLC (MDG), and Smith & Henzy Advisory Group, Inc. and Partners today announced the start of a $35.8 million renovation of Kingsley House, Mitchell-Lama’s 164-unit affordable senior housing development in Westchester County. The development maintains the capacity for the residents while at the same time improving and improving the development.
Westchester County Affordable Housing Program
“This $35.8 million investment in Kingsley House will provide all homes with modern, energy-efficient housing and ensure that 166 families can afford it,” said New York State Housing and Community Renewal Commissioner Ruthan Vysnauskas. “The increase in housing prices in Westchester County means that we must be more careful to protect and protect our existing assets, especially senior housing in New York. Mitchell-Lama projects are an important community housing center across the region, and we are grateful to MDG Design + Construction and Smith & Henzy for continuing the Kingsley House development project.
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“Every New Yorker deserves a safe and secure place to call home long-term, but many seniors on fixed incomes face the difficult decision to pay rent or pay for other needs,” said Matthew Rooney, CEO of Development Goals Millennium. . “Through this project, we are not only ensuring that the residents of Kingsley House are able to buy, but we are also providing a safe place that allows people to live in the village as they age. We are grateful to our partners who have made such projects successful and very successful. “
Smith & Henzy recommends the Board of Directors of Kingsley House Inc. and White Plains Presbyterian Church for their 50-year commitment to providing affordable, affordable housing for White Plains seniors. We appreciate the opportunity to partner with them on this major innovation project. We would also like to thank the City of White Plains for their continued support. Finally, we thank the State of New York and the staff of the department for their hard work and assistance,” said Hannah Cedermark, vice president of development at Smith & Henzy.
Located at 41 Barker Avenue in White Plains, the program serves seniors with incomes up to 50 percent of the median. The 12-storey building has 33 studios, 115 one-bedroom apartments, 15 two-bedroom apartments and one executive unit.
Kingsley House was originally built in 1968 under the New York State Mitchell-Lama Program, which provides housing for middle-income residents throughout the state. It works with owners as they approach the end of their 20-year capacity to provide low-cost tools that help maintain and improve productivity, while maximizing their potential.
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Through this financing effort, all homes receive upgrades such as new cabinets, sinks, tile backsplashes, interior doors and hardware, new flooring, remodeled bathrooms with new medicine cabinets, toilets, faucet aerators, and shower heads, as well as an Energy Star rating. . High quality appliances and heating and cooling systems.
Common amenities include a shared outdoor patio, library, community room and kitchen, laundry room, mail room and ample parking in an adjacent multi-level garage. New flooring, porcelain tiles in the foyer, new siding in the library and community room, upgraded LED lighting, new mailboxes, security cameras, elevator upgrades, porch and facade renovations, new roofs, and wheelchair access will be included. local development. The scope of work also includes a variety of green building requirements to improve efficiency, including the installation of new energy-efficient windows and doors.
Funding for the project includes a combination of tax-exempt bonds, low-income housing tax credits, and grants. It distributed 53 vouchers under Section 8 of the project, which will significantly reduce the current and future rent burden.
In addition to Smith & Henzy Advisory Group and MDG Design + Construction, partners include Concord Management; Newman Design Architects. and Nixon Peabody LLP as legal counsel to the Debtor.
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The leader of the Senate Majority Andrea Stewart-Cousins I also recommend the project to improve appliances, electricity, heating and cooling systems, and windows to increase energy efficiency. Residents deserve to live with dignity and pride in their homes and I look forward to completion.”
Assemblyman Chris Burdick said, “I am thrilled that the 164-unit Kingsley House is undergoing major renovations thanks to the many partners who made it a success. Congratulations to Mayor Tom Roach and thanks to NYS Housing and Community Renewal and the many people who made this happen.”
Westchester County Executive George Latimer said, “Kingsley House and other developments like it address a critical need for seniors, who are some of the most vulnerable people in our community, especially because of the CCID-19 pandemic. There must be safe and affordable housing. It is a fundamental right.” For everyone who lives in Westchester, we are excited to renovate existing buildings to keep them affordable, while improving and promoting development.”
The mayor of White Plains, Mr. Tom Roach, said, “I am happy to see this investment made by NYS in the Kingsley House, which has been an important and invaluable building in our city for many years. and our City Council.” This program will help us to have senior living options in our city for years to come. “
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MDG Design + Construction (MDG) is a leading real estate company that develops, builds and manages quality, affordable housing. MDG specializes in moderate renovations and new construction of residential properties in New York, New Jersey, and Florida, and is the industry leader in residential renovations. For more than 30 years, we have worked closely with developers, tenants’ associations, community groups and housing authorities to create quality homes that people will be proud to live in. To date, SFMs have created or maintained more than 20,000 affordable housing units and are responsible for more than $2 billion in construction and development. More information at www.mdgny.com.
Darren Smith and Tim Henzy founded Smith & Henzy Advisory Group in 2014 to increase affordable housing opportunities throughout the United States. Smith & Henzy has worked as a developer and consultant and has successfully created or maintained more than 3,000 affordable homes since 2014. The company works with a variety of industry professionals: from working with non-profits to focusing on housing to build affordable supportive housing. of expertise In cooperation with public housing authorities to use HUD’s Rental Assistance (“RAD”) program for the purpose of repairing and rebuilding public housing. Smith & Henzy currently has a portfolio of over 1,000 homes with another 1,000 under renovation. Smith & Henzy is committed to following its vision and technology that leads the way in creating and developing the world’s most affordable economy. More information at www.smithhenzy.com. To further his commitment to maintaining affordable housing throughout Westchester County, County Executive George Latimer announced the Landlord Tenant Assistance Program (LTAP). LTAP allows landlords with eight or fewer units, who maintain affordable rent levels for residents, to apply for up to $25,000 per unit to improve their rental properties. To be eligible, landlords/tenants must charge affordable rents for households earning between 60% and 100% of the area median income (AMI). ramps, plumbing and heating systems. With a total of 10 million dollars, 400 can be improved.
“The Covid-19 pandemic and its consequences have affected small-scale landlords who have not been able to get rent increases to improve their homes for years,” said Latimer. community, and this money will benefit the homeowners. ” “We need to develop things that will save the lives of these teams. Every price can buy.”
The head of the Department of Planning, Norma Drummond, said: “The Department of Planning is very happy to launch this project, which will mainly help small property owners who want to improve their rental properties. By introducing this program, we know that we will be helping small owners and tenants, who have been hit hardest by the epidemic. LTAP funds will preserve and improve the county’s many small housing estates that will improve the quality of life for many of the county’s residents and maintain its viability.”
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Katherine Borgia, Speaker of the Westchester County Legislature, said, “I appreciate our cooperation with the Latimer County Executive for negotiating this money in the 2022 budget. This will have a positive impact on both homeowners and tenants.”
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