Construction is now underway on La Mora Senior Apartments, an age-restricted affordable housing property in Yonkers, New York. Developed in collaboration by the Municipal Housing Authority for the City of Yonkers (MHACY) and the Mulford Corporation, the four-story building is located on a long-vacant parcel at 23 Mulberry Street on the southern edge of the city.
The four-story building will comprise 57 one-bedroom apartments and three two-bedroom apartments. All 60 apartments will be reserved for residents 62 years and older with incomes at or below 60 percent area median income (AMI).
“This project will help to ensure that seniors in Yonkers have a safe, comfortable place to live in the vibrant community they call home,” said governor Kathy Hochul. “As part of my administration’s $25 billion housing plan, the state will continue to dedicate the resources necessary to create quality homes where older New Yorkers can live with dignity and peace of mind.”
Ground breaking ceremony for La Mora Senior Apartments
As a Passive House building, the structure will incorporate a high-performance envelope that provides greater airtightness compared to typical building and construction standards. This results in a reduction improved temperature control and reduced greenhouse gas emissions. The building will also feature energy-efficient lighting systems, mechanicals, and facilities. An emergency generator will ensure that systems remain operable in the event of a blackout.
For tenants, the Passive House enhancements result in lower monthly utility bills.
“As we see housing rising along the riverfront, it is also important that we provide the same quality housing across the city, especially for our seniors who have done so much for our community,” said Yonkers mayor Mike Spano.
State financing for La Mora Senior Apartments includes $17 million in permanent tax-exempt bonds, Federal Low-Income Housing Tax Credits that will generate $17.7 million in equity, and $9.1 million in subsidy from New York State Homes and Community Renewal. NYSERDA will provide $240,000. Westchester County is providing $3.4 million from the Housing Implementation Fund and the City of Yonkers is providing $650,000 in HOME funds. MHACY provided a $2.6 million loan.
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