Monday, April 27, 2026
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Members
  • Sign in
  • Login
Westfair Communications
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
Westfair Communications
No Result
View All Result
Home affordable housing

State to provide $16M for New Rochelle LINC project

Peter Katz by Peter Katz
March 1, 2026
0
Share on LinkedInShare on FacebookShare on Twitter

 

Hochul in New Rochelle on Feb. 18.

 

New York Gov. Kathy Hochul was in New Rochelle on Feb. 18 to announce $16 million in state funding awarded to advance New Rochelle’s LINC (Linking Innovation, Nature, and Community) Project, which had been jeopardized by federal funding cuts. The project was threatened with being shut down when the federal funding was rescinded. The state funding will allow the project to proceed.

The LINC Project is New Rochelle’s plan to transform into a linear park and neighborhood connector a section of Memorial Highway, which was originally built in the 1960s and was responsible for isolating a historically Black neighborhood.  The project will change the existing six-lane highway into a local street and green corridor, connecting downtown, the train station, the public library, and Lincoln Avenue.

“Cuts by the Trump Administration threatened to derail this LINC Project for the New Rochelle community — and that’s why I’m stepping up to fill the gap and ensure that this vital plan can proceed,” Hochul said. “By transforming an outdated highway into green space, safe streets and vibrant public gathering places we are bringing communities together that were divided for generations. The City of New Rochelle is a prime example of what can be accomplished when we let municipalities build, build, build.”

New Rochelle Mayor Yadira Ramos-Herbert said, “This support advances a transformational effort that strengthens economic connection, supports working families, and ensures that as New Rochelle grows, we do so thoughtfully and in a way that benefits residents today and for generations to come. We are grateful for the state’s partnership and shared commitment to that vision.”

As part of her “Let Them Build” agenda, Hochul also toured Stella housing Phases I & II and highlighted the ongoing success of housing development of all types across New Rochelle including market-rate, mixed income and affordable developments. She noted that collaboration between the city, state, county, and other stakeholders has resulted in the creation of approximately 4,500 new housing units since 2020.

Hochul praised New Rochelle for its efforts in recent years that have resulted in new buildings that have attracted new people to the downtown.

Hochul, left, at the Stella housing development.

“I’ve been saying this for four straight years,” Hochul said. “‘You build more supply, the prices will go down,’ right? Supply and demand Economics 101, which I didn’t even take a class, I just knew this without even taking the class, right? I didn’t even need to take a class. You build more supply, the prices go down. The average rent in this community has dropped by three-to-five percent. So look at the national trends or the statewide trends. The rents are going up exponentially. Nationwide is up about 31%. But It’s dropping here in New Rochelle because they had the ambition to keep building.”

A Pew study found that New Rochelle increased annual housing permits from 39 units in 2017 to 989 new units a year recently, which contributed to a decline in average rent growth from 12% in 2017-2020 to 7% in 2020-2023 at a time when rents nationwide have been rising at double digits.

Congressman George Latimer, whose New York 16th Congressional district covers part of the Bronx and Westchester, drew a contrast between what is happening in New Rochelle and what is happening in some other U.S. cities.

“You needed this money from the state because this federal administration and this leadership of both houses of Congress have abandoned America’s greatest needs,” Latimer said. “They’ve lost themselves in ideology. They’ve wrapped themselves in rhetoric. They’re prepared to do violence on the streets of a city as opposed to help build up a city which is exactly what you’re doing … in the City of New Rochelle.”

Rep. George Latimer in New Rochelle on Feb. 18.

Latimer characterized Hochul’s visit to New Rochelle as a moment to be celebrated and one in which people can draw a sharp contrast between what’s happening in New Rochelle and what’s happening elsewhere.

“We offer the people of this country … two visions,” Latimer said. “Do you want this kind of a city where you’re breaking down barriers and bringing people together or do you want that kind of a city where you pepper spray people who come out to properly protest? That’s your choice, America. We’ve decided in New Rochelle, in Westchester County, in the state of New York, this is what we want to see.”

This page is available to subscribers. Click here to sign in or get access.

Previous Post

Wilton Grand List up 1.81% in 2025

Next Post

Plaza West office and medical building in Danbury up for sale

Related Posts

Developer of Yonkers project seeks reapproval as financing effort continues
affordable housing

Developer of Yonkers project seeks reapproval as financing effort continues

April 27, 2026
County Legislature approves $5M in bonding to help pay for $89M housing project
affordable housing

County Legislature approves $5M in bonding to help pay for $89M housing project

April 27, 2026
Paul Newman’s Hole in the Wall Gang Camp expands to Maryland
Business Journals

Paul Newman’s Hole in the Wall Gang Camp expands to Maryland

April 27, 2026
Next Post
Plaza West office and medical building in Danbury up for sale

Plaza West office and medical building in Danbury up for sale

Subscribe to our newsletter

Lifestyle

  • Exclusives
  • Good Things Happening
  • Food & Restaurants
  • Travel
  • Health & Fitness
  • Home & Design

World News

U.S. and world news for Nov. 6
World News

CNN WIRE — shooting suspect charged with attempting to assassinate the president

by Peter Katz
April 27, 2026
0

By Betsy Klein, Kevin Liptak, CNN Politics (CNN) - Cole Tomas Allen, the suspect in the White House Correspondents’ Dinner...

U.S. and world news for April 27

U.S. and world news for April 27

April 27, 2026
U.S. and world news for Nov. 6

Shooting and chaos at White House Correspondents’ Association Dinner: VIDEO

April 26, 2026
CNN WIRE — U.S. plans steps if Iran ceasefire fails: VIDEO

CNN WIRE — U.S. plans steps if Iran ceasefire fails: VIDEO

April 24, 2026
U.S. and world news for April 24

U.S. and world news for April 24

April 24, 2026
CNN WIRE — Warner Bros. Discovery shareholders approve Paramount takeover: VIDEO

CNN WIRE — Warner Bros. Discovery shareholders approve Paramount takeover: VIDEO

April 23, 2026
No Result
View All Result

Latest News

U.S. and world news for Nov. 6
World News

CNN WIRE — shooting suspect charged with attempting to assassinate the president

by Peter Katz
April 27, 2026
0

By Betsy Klein, Kevin Liptak, CNN Politics (CNN) - Cole Tomas Allen, the suspect in the White...

YOUTH OF THE YEAR NAMED

YOUTH OF THE YEAR NAMED

April 27, 2026
Developer of Yonkers project seeks reapproval as financing effort continues

Developer of Yonkers project seeks reapproval as financing effort continues

April 27, 2026
County Legislature approves $5M in bonding to help pay for $89M housing project

County Legislature approves $5M in bonding to help pay for $89M housing project

April 27, 2026
Suffern businesses owe creditors $354M

Suffern businesses owe creditors $354M

April 27, 2026
Logo Westfair Business Journal

Latest News

CNN WIRE — shooting suspect charged with attempting to assassinate the president

YOUTH OF THE YEAR NAMED

Developer of Yonkers project seeks reapproval as financing effort continues

  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Sign in

Trending Westchester

Subscribe to our newsletter

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • 250 Years of Business & Commerce in America
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
      • 2025
      • 2024
      • 2023
      • 2022
      • 2021
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBE
    • NEWSLETTERS
    • DIGITAL ACCESS

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.