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

Rendering of 178 Warburton at The Ridgeway - SLCE ArchitectsRendering of 178 Warburton at The Ridgeway - SLCE Architects

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.

Located at 178 Warburton Street near the Hudson River waterfront, the new building represents phase five of a six-phase master plan to redevelop Cottage Place Gardens. The original complex was constructed in 1945 and comprises 256 under-serviced low-income apartments. Now under construction, The Ridgeway redevelopment master plan will yield up to 500 units of housing, expanded parking area, and nearly an acre of open space. To date, 242 units across three phases have been completed, as well as the substantial renovation of an existing daycare center. Another 166 units of housing are currently under construction at 172 Warburton and 178 Warburton.

The agencies responsible for the project include the Municipal Housing Authority for the City of Yonkers, which is the second largest public housing authority in New York State, and The Community Builders, a non-profit housing developer. Total development cost for the entire multi-phase project hover around $296 million.

“This new phase of Cottage Garden’s redevelopment points to the positive momentum happening right now in Yonkers as we revitalize our neighborhoods and improve the lives of the residents who live here,” said Yonkers Mayor Mike Spano. “We are building a stronger, a more sustainable community for residents, thanks to the support of our federal, state, private, and local community partners and their commitment to Yonkers.”

Preliminary renderings of The Ridgeway Redevelopment Master Plan

Preliminary renderings of The Ridgeway Redevelopment Master Plan

Designed by SLCE Architects, the new property will eventually comprise a mix of modern studios, one-bedrooms, and two-bedroom apartments. Average scopes will range from 417 square feet up to 914 square feet for the largest units.

Residential amenities will include a laundry room, a rooftop terrace with outdoor seating and communal areas, a fitness room, and 33,000 square feet of additional outdoor space near the center of the building. The latter will support play equipment for children, adult fitness equipment, meandering pathways, and a picnic area.

The lower level of the property will also contain a day care center for low-income families with an outdoor play area for attending toddlers. The center will be operated by Westchester Community Opportunity Program, a non-profit social service organization.

The diversified financing package for 178 Warburton at The Ridgeway comprises a mix of private entities and government agencies.

This includes $104,432 from The Municipal Housing Authority for the City of Yonkers, over $700,000 from The Community Builders, and $800,000 from Community Capital New York, a total that will primarily fund pre-development costs. An additional $5 million is provided by the Westchester County Housing Implementation Fund and $250,000 from the Empire State Development Restore NY grant.

The City of Yonkers has committed to provide $500,000 in City HOME funds and $500,000 in Community Development Block Grant funding. Other financing sources include New York State Housing Finance Agency tax exempt bond financing and subsidies, Federal Low Income Housing Tax Credits, State Low Income Housing Tax Credits, and New York State Brownfield Tax Credits.

New York State Homes and Community Renewal is the primary source of financing for this effort, having already committed several million dollars in financing toward the total development costs for phases one through four.

While an updated completion date has not been revealed, construction is expected to last approximately 24 months and has already broken ground.

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

  1. Lorraine Givens | November 18, 2020 at 1:29 pm | Reply

    Yes yes beautiful building. Thank you

  2. Christine L Echavarria | November 19, 2020 at 7:37 pm | Reply

    Please send me aplicacion 384E 194st apt E bronx ny 10458 studio o one bedroom apt please o call me at 347 749 1478

  3. How can I apply for an apartment?

  4. Carolyn Pearson, | November 22, 2020 at 4:38 pm | Reply

    How can I applied for a 1bedroom?

  5. How could I get an application, please email me with the information. I will appreciate a response.
    Thank you

  6. Charmain Kindall | November 22, 2020 at 7:30 pm | Reply

    Send me a application please and thank you

  7. Charmain Kindall | November 22, 2020 at 7:32 pm | Reply

    Can i please get a application

  8. Where can l apply for lower income housing in Westchester what sight can l get a application from.

  9. Please send me income requirement and an application. Thank you so much

  10. Please send me an application for gateway mall houses in Brooklyn.

    • I am a disabled 63 year old man who has a homemaker, I applied for public housing in 2014. I was shown apartments that were in drug infesred areas and I felt that my recovery was in jeopardy. Since then I have been staying with relatives and I feel that my maturity and with my knowof life I deserve and am ready to live my life in a nice environment. I hsve letters from casemanagers, head of housing conferences, friends and programs that can verify my progression.please consider me for a 1 or 2 bedroom apartment as I would like my caretaker to come as well. Thank you so very much. Mr. Michael Mackey.

  11. What does a one bedroom go for in terms of rent?

  12. Looking for a one bedroom apartment your rent range is perfect I’m interested please send me an application

  13. Denise Coverdale | November 30, 2020 at 9:17 pm | Reply

    I would like to apply for a one bedroom apartment

  14. What do you call affordable housing? I’ve been applying everywhere, for them to turn me down. Whatever is the pracket income, if its affordable. Please send me a application

  15. Marcella Brown Jackson | December 6, 2020 at 2:46 pm | Reply

    my name is Marcella. I have been in living in affordable housing for almost 40 years. In this time the building has deteriorated, we had at least 7 managers, we have no super, the mice are running rampid. I have we been a n outstanding tenant and I feel that at this time in my life I would love to have a building to live in thst I could be proud of. I a m 60 years old and would love to have a chance to life like decent people are supposed to. Please consider me for this awesome building. Thank you.

  16. Please send me the application

  17. How do I apply for the lottery for low income housing.

  18. Mohammed Emran | January 7, 2021 at 5:17 pm | Reply

    How I can apply in a low Income affordable housing for a family of 5 people. I like to apply in Manhattan, The Bronx or Queens . Thank you .

  19. CORLISHA HUSKINS | January 7, 2021 at 10:17 pm | Reply

    Where can I get a application for the building (lottery) in yonkers?

  20. Looking for a studio or 1 bedroom apartment.

  21. Hello, I am interested in an application for a 1 bedroom or 2 bedroom apartment. I am a working single mother with a son. Please contact me when you are available with information/application.

    Thank you.

  22. Please I need application for one or two bedroom apartment

  23. Please i am interested in receiving an application for this unit.I currently live in Yonkers and i would love to move into such an awesome building right in the center of Getty square.

  24. I am looking for a two bedroom apartment affordable and comfortable I just had a knee replacement on my left knee and I might need another replacement on my right knee I need an elevator building or a first floor I need your help please help us it is my husband 67 and myself 62 we have nowhere to go we know no one where I live at there are too many stairs for me my rent is paying time all the time not a problem please help us thank you Miriam Ruiz My email is [email protected]. looking to move to Yonkers or the bronx.

  25. Vinita Fitzgerald | March 30, 2021 at 7:01 pm | Reply

    I am looking for a 1bedroom for myself and my man. This is beautiful and perfect. How do I apply

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