Westchester IDA Approves Renovations on Affordable Housing Development in Tuckahoe, NY

Rendering of Marble Hall ApartmentsRendering of Marble Hall Apartments

A major capital improvement project at Marble Hall Apartments in Tuckahoe, New York, may soon begin following preliminary approvals from Westchester County’s Industrial Development Agency. Constructed in 1974, the 10-story building at 100 Columbus Avenue contains 134 income-restricted units and exhibits signs of an aging property.

Led by developer Tuckahoe Limited Partnership, interior upgrades will include new kitchens, bathroom finishes, and lighting fixtures for existing units, as well as new finishes for the onsite management offices, hallways, and shared community room. To improve the building’s energy performance, the scope of renovation includes an updated heating and hot water system as well as efficient lighting and water-saving devices.

Exterior upgrades are limited to the building’s masonry façade, which will be repainted as needed. Projected costs for the renovations hover around $5.36 million.

“We are pleased to vote preliminary approval of tax-exempt bond financing for the renovation of this apartment building that is providing much-needed affordable housing for the Tuckahoe community,” said IDA chair Joan McDonald who has direct responsibility for overseeing Westchester County’s $2 billion budget.

Financing for the proposed acquisition and rehabilitation of Marble Hall Apartments includes $36 million in short-term tax-exempt bonds issued by the IDA. Additional financing includes a $48 million permanent loan from the Department of Housing and Urban Development, approximately $16.85 million in Low Income Housing Tax Credit equity, and approximately $1.38 million in interim income. Tuckahoe Limited Partnership is also seeking a 35-year Payment in Lieu of Taxes, or PILOT, from the Village of Tuckahoe.

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews

TFC Horizon
.

16 Comments on "Westchester IDA Approves Renovations on Affordable Housing Development in Tuckahoe, NY"

  1. I need help of finding houseing I’m on sec8 in Younkers my living Situation is very bad the landlord does not want to put nothing and I appreciate if you can help me I’m trying to find a decent home we have my email I’ll be gladly appreciated thank you so much

  2. I need help of finding houseing.I having difficul situation. Iam a 62 old disable woman.I looking for low incong housing.
    Thank you.

  3. Learn to use periods. Like this. Next sentence. See? Also its Yonkers. Good luck

    Here’s your sentence rewritten by someone who cares how they sound:

    I need help with finding housing. I’m on section 8 in Yonkers. My living situation is very bad. The landlord does not want to [fix anything?] (I have no idea) and I would appreciate if you could help me. I’m just trying to find a decent home. We have [an email address] I’ll be greatly appreciative. Thank you so much.

  4. This is a bit confusing. We are talking about a $5,000,000.00 renovation for a property and that comes to about $50,000.00 per unit for repairs. The last paragraph all of a sudden goes into an acquisition of the building totaling over what appears to be $100,000,000.00 dollars. Where is all this money going? Shouldn’t the building have paid off the original loan from 1974? At a million dollars per unit it seems a bit pricy.

  5. Jeannette castro | December 27, 2020 at 7:39 pm | Reply

    64 year old female looking for a 1 bedroom apartment

  6. Nivek Victoriano | December 29, 2020 at 12:44 am | Reply

    Hi there,Me and my husband have been looking for a more affordable place to move on. Were looking forward on your email i hope you could be able to help. We have no ideas on how to apply so i am trying to reach out.
    Thank you so much and happy holiday to you and your family.

  7. Louise Cassetta | December 29, 2020 at 3:07 am | Reply

    I’m a 55 year old grandmother looking for a one bedroom! Please, can I receive an application!

  8. Im very interested in apply for two bedrooms an bathroom.

  9. I’m a student with a voucher I’m not picky at all. I’m looking for a home for me and my daughter. I would love an application.

  10. I have pictures of my cracked peeling paint dampened apartment, obviously need the lottery application to sign in …

  11. Please contact me as I cordially request an application.

  12. How to apply?

  13. Would like an application

  14. Hello. I am interested in applying for an affordable one or two bedroom unit in Yonkers. I’m a single mother. Kindly get back to me via email with an application. I would greatly appreciate the opportunity. Thank you

  15. Please let me know where I could get a application for this complex or email me any information

  16. Robert Campos | March 16, 2021 at 3:46 pm | Reply

    I need a one Bedroom for 75 year old

Leave a comment

Your email address will not be published.


*