Governor Kathy Hochul announced the completion of Maple Commons, a new housing development in Croton-on-Hudson that offers 33 affordable, energy-efficient homes in a walkable, transit-oriented community. The $18 million two-building complex, developed by Regan Development, is affordable for residents earning up to 80 percent of the Area Median Income. In the past five years, New York State Homes and Community Renewal has created or preserved more than 5,000 affordable homes in Westchester County. Maple Commons continues this effort and complements Governor Hochul’s $25 billion five-year Housing Plan which is on track to create or preserve 100,000 affordable homes statewide.
“Maple Commons brings critically needed affordable apartments to Croton-on-Hudson, one of the State’s first Pro-Housing Communities,” Governor Hochul said. “This highly energy-efficient, transit-oriented development is the latest example of my administration’s commitment to making our state more affordable and ensuring all New Yorkers have access to a stable and secure place to live.”
Located on Maple Street in the village of Croton-on-Hudson, the newly-constructed development features an 8,000 square foot park that is open to the public, and additional outdoor common spaces, including a playground. All residents will be provided free high-speed internet in their unit.
The highly energy efficient, all-electric development has been certified under the NYSERDA New Construction – Housing Program. Efficiency measures include high-efficiency equipment for space heating and cooling, domestic hot water, and appliances.
State financing includes State and Federal Low Income Housing Tax Credits that will generate $11.1 million in equity and $1.7 million in subsidy from New York State Homes and Community Renewal. Westchester County provided $1.7 million through their New Homes Land Acquisition Program.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Our $18 million investment in Maple Commons has helped create 33 new, affordable homes that will provide opportunities to live in a safe, family-friendly community. Thank you to Governor Hochul for her vision and commitment to creating more housing opportunities for New Yorkers so they can live affordably in wonderful communities like Croton-on-Hudson, as well as our partners at Regan Development for bringing this important project to fruition.”
New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “New York’s built environment plays a significant role in our progress towards a sustainable future, and new construction projects like Maple Commons ensure that we are taking steps forward. The building solutions incorporated, such as high efficiency heating and cooling equipment, will benefit future residents by creating the opportunity for clean, healthy, and affordable living for the Westchester County community.”
Senator Charles Schumer said, “Every family in Westchester deserves a safe and affordable place to call home. I’m proud that the federal Low-Income Housing Tax Credit that I worked hard to protect and expand has delivered millions to help build 33 new homes at Maple Commons in Croton-on-Hudson. These brand new homes will be all-electric and offer the community new outdoor spaces, including a playground. High housing costs are a key driver of inflation so we must build more housing for working people to bring down those high prices. I applaud Governor Hochul’s work increasing access to affordable housing in Westchester and across New York, and I will continue working to deliver federal resources to ensure that every New Yorker has a roof over their heads.”
Croton-on-Hudson Mayor Brian Pugh said, “Maple Commons has transformed an unused vacant lot into homes for 33 families. New homes mean more customers and workers for local businesses and a more vibrant local economy. This development demonstrates what happens when we work together, carefully and deliberately, to create quality affordable housing, which is so desperately needed in our community. Thank you so much to our partners in state and local government for contributing to this effort. Most importantly we welcome our new neighbors and future friends at Maple Commons.”
