Developers and state officials recently joined to celebrate the grand opening of Landy Court, an 80-unit residential property with a mix of affordable and supportive housing units in Yonkers. The seven-story building was developed in collaboration by St. Joseph’s Medical Center and Concern Housing, Inc., a non-profit housing agency.
All units are reserved for individuals and households earning at or below 60 percent of the area median income, as well as the formerly homeless. Tenants in the supportive housing units will receive services through St. Joseph’s Medical Center. These include individual case management, educational services, employment assistance, psychiatric and behavioral health coordination, substance abuse support, and access to referral services for the hospital’s in-network programming.
“As we work to fight homelessness and provide housing stability to all New Yorkers, it is critical that we expand access to supportive housing and quality healthcare,” said governor Kathy Hochul. “Our investment in Landy Court will provide 48 individuals and families with the on-site care and services they need to thrive. By creating new affordable housing options in downtown Yonkers, we will improve the quality of life of our most vulnerable neighbors and strengthen the community they call home.”
Residential amenities include a community room with a kitchen, staff offices, an exercise room, a library, laundry facilities, a rooftop garden, and on-site parking for 34 vehicles.
The ground floor of the building includes a 2,200-square-foot facility for social services and administrative spaces to be used by St. Joseph’s Medical Center.
Total construction costs hover around $49 million.
“In the last decade, [Homes and Community Renewal] has invested over $462 million to create and preserve 3,500 affordable homes in Yonkers,” said Homes and Community Renewal commissioner RuthAnne Visnauskas. “The $49 million Landy Court builds upon this success with an additional 80 apartments, including 48 with on-site supportive services. Along with our partners, St. Joseph’s Medical Center and Concern Housing, Inc., we are helping residents build stable and successful lives in a modern building with easy access to transit and services.”
Ribbon cutting ceremony at Landy Court – From left: Assemblyman Nader Sayegh; Ralph Fasano, CEO, Concern Housing; Michael Spicer, CEO, St. Joseph’s Medical Center; Jim Landy; Lorraine Horgan, St. Joseph’s Medical Center; Yonkers City Council President Lakisha Collins-Bellamy; Dr. Ann Sullivan, commissioner, Office of Mental Health; RuthAnne Visnauskas, commissioner, Homes and Community Renewal; Brenda McAteer, Office of Temporary and Disability Assistance
Financing for the development includes $15.1 million in permanent tax-exempt bonds, Federal Low-Income Tax Credits that generated $17.2 million in equity, and $10.7 million in subsidy from New York State Homes and Community Renewal. The New York State Office of Temporary and Disability Assistance provided $2.8 million through the Homeless Housing Assistance Program. The New York State Office of Mental Health provided construction financing, funding for rental subsidies and supportive services, and $345,000 in Program Development Grant funding to support start-up costs such as furniture, staff recruitment, and training.
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Looks nice
How come you don’t mention the architect?