Westchester County Executive Ken Jenkins went to Yonkers on Oct. 9 to sign legislation related to the county’s involvement in an affordable housing project being developed by Macquesten Development LLC. The 16-story building at 632-636 South Broadway in Yonkers will have 160 apartments and 456 parking spaces. The signing took place at the site of the planned building.
The county will provide nearly $10 million in funding for the $115.6 million project. It will provide $5.9M toward land acquisition, and more than $4M in infrastructure funding.
The building site is approximately 0.38-acre and is located on the southeast corner of South Broadway (U.S. Route 9) and Caryl Avenue at the border with the Riverdale section of the Bronx. The building design calls for using materials and techniques that will achieve substantial energy savings while significantly reducing carbon emissions from the building.
According to the county executive’s office, the legislation package signed by Jenkins is in partnership with the Westchester County Board of Legislators, the City of Yonkers and Macquesten Development. Additional funding for the development will be provided by various entities of New York state and the City of Yonkers. The Yonkers Industrial Development Agency is providing financial incentives for the project.
The apartment mix includes seven studios, 69 one-bedrooms, 64 two-bedrooms, and 20 three-bedroom units. One of the two-bedroom apartments will be reserved for the on-site superintendent.
The apartments will be priced to be affordable to households earning at or below 50% and up to 80% of the Westchester County Area Median Income (AMI).
Jenkins said, “We are continuing on our path to create as many affordable housing opportunities as possible in Westchester. Every member of our community should have the right to make a home here, and housing needs to be available at a price point that all people can afford.”
Yonkers Mayor Mike Spano welcomed the project, saying, “As leaders in providing the most quality, affordable housing stock in Westchester, Yonkers is proud to join our partners in government on this new development as it is a significant step in creating an even more inclusive and accessible city. Together with Westchester County, we’re not only building homes — we’re building opportunity, dignity, and stronger communities for all our residents.”
Joseph Apicella, executive vice president of Macquesten said, “This project will be an iconic statement for the Yonkers and New York City gateways, replacing a defunct former car dealership with beautiful 16-story high-end workforce housing.”
County Legislator Shanae Williams who represents District 16 said, “As chair of the Housing and Planning Committee, I am proud that our committee and the Board (of Legislators) voted unanimously to invest nearly $10 million to make this vital affordable housing development a reality. This project reflects our continued commitment to addressing the housing needs of Yonkers residents by creating high-quality, affordable homes for families.”
Legislator José Alvarado, representing District 17 said, “I have always been a true believer in the potential of South Broadway, and these additional 160 units of housing should complement that not-yet-reached potential.”
