March 21, 2003
County Executive Jumps in to Support Two Important Poughkeepsie Projects
Poughkeepsie... Dutchess County Executive William R. Steinhaus
has recently sent letters of support to New York State Division of Housing
and Community Renewal for the 400 Block of Main Street project, proposing 54
units of affordable housing, and for Hudson River Housing’s Scattered Site
Rental Rehabilitation Program, proposing 19 units of affordable rental
housing, both in the City of Poughkeepsie.
“The Pennrose/Duvernay + Brooks project is a joint venture between Pennrose
Properties, a real estate development and management company out of
Philadelphia, and Duvernay + Brooks, a real estate development and financial
consulting firm with offices in New York City. The project will contain 24
one-bedroom units, 28 two-bedroom units and 2 three-bedroom units,” according
to Steinhaus. The proposed rents will be affordable to households earning up
to 60% of the area median income.
County Executive Steinhaus noted, “In addition to supporting Pennrose/Duvernay
+ Brooks’ funding application to NYS, the County is providing $370,000 from
its HOME Investment Partnership Program toward the project’s construction.
This funding was provided as part of my initiative to encourage the
redevelopment of housing on Main Street in Poughkeepsie which was announced
in my 2002 State of the County, and we are committed to this project.”
“Hudson River Housing, a highly regarded local non-profit development
company, has extensive experience in rehabilitation and the development of
affordable rental housing,” Steinhaus said. “The proposed 19 units will
include 2 studios, 8 one-bedroom, 7 two-bedroom, and 2 three-bedroom units,
significantly adding to the affordable rental housing inventory needed in the
community.” The units will be made available to households whose income are
40-45% of the area median income.
Demonstrated support from the local community is one of the factors the State
considers when reviewing and ranking the application. Funding decisions
should be announced in July 2003.