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The development is designed to serve households with income levels ranging from 40% to 80% of the area median income.
Gotbaum was the founder and inaugural board chairman of New York Cares, a volunteer organization serving 500,000 people in need.
Consisting of 49 one-bedroom apartments and 26 two-bedroom loft-style apartments in two buildings, Lofts on Main also has 7,200 square feet of ground floor commercial space.
The keynote address will be given by Westchester County Executive George Latimer and Dutchess County Executive Marc Molinaro.
"In a state like Connecticut, finding an affordable home can be a challenge," said Karl Kilduff, CHFA’s executive director.
https://www.youtube.com/watch?v=RyPild3BNdI ”I thought I was gonna have a heart attack. It really came out of nowhere,” New Rochelle Mayor Noam Bramson said about the phone...
Half of Americans over the age of 55 who earn less than $60,000 per year – accounting for 25 percent of households – feel they can’t afford to cover both housing and health care, according to a new survey conducted by The NHP Foundation.
"The real question boils down to whether Westport wants to be an inclusive or an exclusive community,” said Summit Development Founder, CEO, President and Principal Felix Charney.
Cuomo's office said $37.2 million will fund the project in the region as part of a $200 million state effort that will build more than 2,8000 affordable apartments across New York.
A $699,114 grant and subsidy and a $550,000 loan were awarded for a two-building project at 100 S. Main St.
The funds will provide equity financing for the acquisition and construction of 28 affordable housing tax-credit properties in 15 states.
The building is designed for those earning 25 to 35 percent of the median area income, with rents ranging from $470 to $830.
A number of residents have voiced their opposition to an affordable-housing complex at the site at 795 James Farm Road.
It is poorly understood that there is no such thing as affordable new construction in Westchester and Fairfield counties without huge federal, state and...