62 Main, a new affordable housing project, has officially reached completion at 62 Main Street in Tarrytown, Westchester County. The property, which was formerly a YMCA, yields 108 units, 88 of which are designated for seniors aged 55 and older. Development cost approximately $54 million and was spearheaded by WBP Development, LLC.
Photograph of 62 Main, via westchestergov.com
62 Main retains the original YMCA’s historic Main Street façade while incorporating new construction characteristics expected of a modern buildings. The building is fully electric, featuring geothermal heating and cooling, Energy Star appliances, a rooftop solar array, a green roof courtyard, and electric vehicle charging stations. Resident amenities include fitness and community spaces.
Photograph of 62 Main, via westchestergov.com
Photograph of 62 Main, via westchestergov.com
Funding for 62 Main was sourced from multiple public and private entities. New York State Homes and Community Renewal (HCR) provided support through the Federal Low Income Housing Tax Credit Program, generating $19 million in equity. Additional contributions included $10.4 million from HCR’s Senior Housing Program, $8.4 million in tax-exempt bonds, $5 million from Westchester County’s New Homes Land Acquisition program, and $3 million from the Community Preservation Corporation Climate Capital for energy efficiency improvements. The project also secured a Payment In Lieu of Taxes (PILOT) agreement with the town of Greenburgh and the village of Tarrytown.
Photograph of 62 Main, via westchestergov.com
Transit nearby the project includes the Metro-North Tarrytown Station, which is served by the Hudson Line Train.
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