News Release



For More Information:

William R. Steinhaus
Dutchess County Executive
Telephone:  (845) 486-2000
, FAX: (845) 486-2021,

Ann Saylor, Housing Coordinator, Dutchess County Planning & Development (845) 486-3600,
FAX: (845) 486-3610;

January 2, 2001


Steinhaus Announces Approval of Agreement to provide $228,000 Towards Development of Affordable Housing Project in Beacon.

Pougkeepsie......Dutchess County Executive William R. Steinhaus has announced that he has approved an agreement to provide approximately $228,000 towards the development of the Verplanck Estates affordable housing project in the City of Beacon. The funding is being provided through the County’s 2000 HOME Investment Partnership Program.

The Verplanck Estates project involves the construction of sixteen affordable three-bedroom townhouses on Schenck Avenue in Beacon. These funds will be used to help subsidize construction of eleven of the units. Completed units will be sold to income eligible first-time homebuyers for $100,000-$110,000, depending on the type of unit. Income limits for the project range from $32,000 to $56,000, depending on the number of persons in the household.

The project is expected to be completed by the end of 2001, and the developer, Hudson Valley Housing Development Fund Company, is currently accepting applications. Persons interested in purchasing a unit should contact the developer directly at 845/297-2004.


2001 Press Releases