Governor Kathy Hochul recently announced the completion of The Renaissance at Lincoln Park, an 11-story affordable housing development at 117 Guion Place in New Rochelle. The $96 million project will yield 179 mixed-income apartments and 356 parking spaces.
The Renaissance at Lincoln Park is part of Governor Hochul’s comprehensive housing plan, which aims to create or preserve 100,000 affordable homes across New York. In the last five years, New York State Homes and Community Renewal has created or preserved more than 4,500 affordable homes in Westchester County alone.
Rendering of 117 Guion Place, via renaissance-lincoln-park.com
The development offers studio, one-, and two-bedroom apartments, as well as a resident lounge, rooftop deck, and fitness center. All apartments have been designated as affordable and cater to households earning up to 80 percent of the area median income.
Notably, the project also includes an additional 23,400-square-foot facility that will serve as a home for The Boys & Girls Club of New Rochelle. The club provides mentoring and quality education programs for over 3,500 children and teens, and includes a gym, basketball court, and recording studio.
Rendering of Boys and Girls Club at 117 Guion Place, via renaissance-lincoln-park.com
The development was completed in partnership between The NRP Group, the New Rochelle-based nonprofit Guion Renaissance Housing Development Finance Corporation, and Kensworth Consulting. State financing for the project included $16.2 million in permanent tax-exempt bonds, $31.5 million in Federal and State Low-Income Housing Tax Credits, and $27.7 million in subsidy from HCR. Additional support was provided by the Interfaith Development Corporation and the Westchester County Housing Infrastructure Fund.
“The completion of The Renaissance at Lincoln Park is a significant step forward for New Rochelle, offering affordable apartments and a new Boys & Girls Club,” said State Senator Nathalia Fernandez. “This project is a testament to strong community partnerships and sustainable building practices, creating a vibrant community hub where families can thrive and grow together.”
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
Still to be seen and there will likely be more to see, everywhere I look it’s good: Thanks.
I don’t know how you got the address completely wrong. It’s 117 Guion Place.
Yes yes i like it? Thank you