Poughkeepsie… Dutchess County Executive William R. Steinhaus, State and local officials met today to celebrate the beginning of the construction of Red Hook Commons, a moderately priced 48 unit senior citizen, rental housing development on 21 acres on Route 9 in the Village of Red Hook.
The County Executive was joined by Village of Red Hook Mayor David Cohen, developer Kenneth Kearney and County Legislator Marcus Molinaro among others.
Red Hook Commons, formerly known as the “Perx” project, is being constructed on former county-owned property. The County worked closely with New York DEC, and their Environmental Restoration Program, to remediate the property and make it available to the Village for senior housing. The County Executive also directed $295,000 to the Town and Village of Red Hook from the County’s Community Development Block Grant (CDBG) program to use on the remediation portion of the project.
According to Steinhaus, “After working so long and hard to demolish buildings and clean up the site, it is a real pleasure to see something being created. People involved with creating moderately priced housing know it is never easy. The beginning of construction demonstrates that communities with a commitment to creating moderately priced housing can always find a way to create such housing in their community.”
In addition to shepherding the remediation, the Executive noted, “The County is also providing $538,266 to help underwrite the construction through the County’s HOME Investment Partnership Program.” The permanent financing for the project is also being provided by the Community Preservation Program, NYS Housing Trust Fund Corporation and the proceeds from the sale of federal Low Income Housing Tax Credit program being provided through Alliant Capital. Low income housing tax credits are administered in NYS by DCHR. The total construction cost for the project is $8.2 million. Representatives from the CPC and Alliant Capital also attended the celebration. The Kearney Realty Group is also working with Hudson River Housing to provide support services to residents.
“There is no project that demonstrates the word “Partnership” better than this project. It is a partnership between three levels of government, interagency cooperation at every level of government, a public private partnership for the financing of the construction, all being moved along by a group of local residents and volunteers who recognized the need for this housing and didn’t stop until it was a reality,” said Steinhaus.
Mayor Cohen noted, “This project is the culmination of a joint effort by a lot of different people and levels of government. It demonstrates that when everyone cooperates we get a very good project which benefits the community.”
“By partnering with communities to restore brownfields, we are helping to promote new economic development opportunities and turning community liabilities into community assets. Through the Environmental Restoration Program the State was able to commit $1.26 million to assist the Village of Red Hook with the cleanup and redevelopment of this site,” said NYS DEC Commissioner Denise Sheehan. The Commissioner also stated, “This housing project will help the Village move forward towards achieving its important environmental goals while improving the quality of life for its senior members.”
Upon completion, the development will have one-bedroom apartments where the rents range from $305-645 for households between 30-60% of the county median income (e.g. 60% of median for a single person household is $30,840) . Seniors need to be 62 years of age or older to occupy the apartments. The developer expects that applications will be available April 1st with the lottery to select households to be held at the end of April. Construction should be completed by August 2007 with occupancy to begin immediately following completion.
A second phase of development on this site, Red Hook Commons II which includes an additional 48 rental units, is scheduled to begin in April 2007 with occupancy in July 2008. This project differs from Red Hook Commons I in that seniors 55+ years of age will be eligible to occupy the units. This project has already secured funding from NYS’s Low Income Housing Tax Credit and Housing Trust Fund Programs. The County is currently considering an application for this project through their HOME Program. The County’s decision will be announced in early December 2006.