The Yonkers Industrial Development Agency has granted final approvals for a seven-story rental building at 56 Prospect Street. The incentives package is valued at $32.6 million and is awarded to Regency Apartment Ventures, LLC, the Long Island-based developer responsible for the project.
In 2020, the Municipal Housing Authority for the City of Yonkers (MHACY) was responsible for the renovation of 1,336 affordable housing units as well as the new construction of 425 units to be completed this year.
Westchester’s nonprofit developer Westhab recently topped off their latest project Dayspring Commons at 227 Elm Street in Yonkers. Located in the Nodine Hill neighborhood, the 65-unit residential building will offer affordable and supportive housing to the area. Last week a small gathering that included Yonkers mayor Mike Spano and Westhab president and CEO Rich Nightingale marked the completion of the Dayspring Commons edifice.
Developers behind a new eight-story affordable housing building in Yonkers recently secured more than $7.85 million in construction financing to complete the project. Known as 178 Warburton at The Ridgeway, the development will contain 81 mixed-income rental apartments for households between 30 percent and 90 percent of the area median income.
The Yonkers Industrial Development Agency has preliminarily approved financial incentives to facilitate the construction of a new $32.6 million rental property. Located at 56 Prospect Street, the seven-story building will contain 126 apartments and associated amenity spaces.
