Croton-on-Hudson Receives $3 Million from State for Affordable Housing

Draft rendering of proposed Croton-on-Hudson affordable housing project. Credit: Croton-on-Hudson.

Governor Kathy Hochul announced that $3 million has been awarded to Croton-on-Hudson for an affordable housing project.

The funding Croton-on-Harmon is receiving is part of a large effort by the state to further local economic development initiatives, expand the housing supply statewide and provide support services for seniors and others while promoting more equitable and diverse neighborhoods.

In Croton, a project planned for 41-51 Maple Street by Regan Development Corporation will feature 33 apartments across two buildings for residents with a wide range of incomes. The development will consist of one-, two- and three-bedroom apartments, 11 of each spread between the two buildings.

The funding for the Croton-on-Hudson affordable housing project is part of Governor Hochul’s statewide plan to increase the housing supply by creating or preserving 100,000 affordable homes across New York, including 10,000 with support services for vulnerable populations.

The New York State Homes and Community Renewal’s Multifamily Finance RFP, a competitive process used to award Federal Low-Income Housing Tax Credits and subsidy financing for affordable and supportive multifamily housing developments, is the source of the funding.

The Croton project is required to meet green building standards as part of Homes and Community Renewal’s efforts to achieve the goals set by the New York State Climate Leadership and Community Protection Act, which requires an 85 percent reduction of greenhouse gas emissions from 1990 levels by 2050 and eventually net zero emissions across all sectors of the economy.

Croton Mayor Brian Pugh said, “The announced funding for a 33-unit all affordable development in Croton-on-Hudson promises relief to rent burdened residents. The current pandemic has only aggravated the chronic housing shortage in our region. The sale and redevelopment of the unused village-owned parcel where the new homes are to be built is a boon to our municipal balance sheet and a benefit for our local economy. Thank you to State Senator Pete Harckham, Assemblymember Sandy Galef and our partners in Westchester County for their steadfast support of this project and enhancing affordability in our communities.”

1 Comment

  1. Good morning.
    I would like to apply for housing
    I am 69 years old an my sweet daughter Michelle is 31 years old.
    She has cerebral palsy an uses a wheelchair She us unable to walk.
    She is a very happy an loved young lady who enjoys life.
    I have been in this development fir going on 22 years now.
    It is time for a big change for us.
    Friends took me through croton an i fell in love with the people an the town.
    I truly hope that you will consider us for a ground level 2 bedroom apt.
    3 would be great.
    Thank you so much
    Anne Alvarez
    # 914 358 1598
    # 914 589 6314

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