County Executive Andy Spano and County Legislator Bill Burton will be on hand for a ground-breaking ceremony Tues., May 20 at 3 p.m., for an 11-unit affordable housing development for residents over the age of 55. The Symphony Knoll development will be built by Croton Housing Network. It is located at 15-25 Mount Airy Road, Croton.
“Affordable housing and energy-efficiency improvements are a win-win for tenants and the environment,” said Spano. “These apartments are a fine example of affordable housing for our seniors.”
Construction is scheduled for completion next spring. Details on availability will be announced early next year. For further information, contact Nance Shatzkin, from Croton Housing Network, at (914) 588-9636. The project will include a number of energy-efficient measures (e.g. Energy Star appliances, compact fluorescent light bulbs in common spaces and low water use toilets and plumbing). Each unit will also be handicap-accessible and include an outdoor terrace.
“Symphony Knolls represents another step by the Croton community to care for its seniors with affordable housing in a small community setting,” said Burton, who represents that area.
The cost of the development is about $3.5 million. The county contributed $340,000 for land acquisition through its New Homes Land Acquisition program, $319,440 through its Housing Implementation Fund for infrastructure and $635,000 from its share of federal HOME funds. Other funds came from the county Industrial Development Agency and the federal Low-Income Housing Tax Credit Program provided by New York State.
Eight units will be rented to residents with incomes at or below 50 percent of AMI, which is $35,550 for a one-person household and $40,650 for a two-person household. The other three units will be rented to residents with incomes at or below 60 percent of the county’s area median income, which is $42,660 for a one person household and $48,780 for a two-person household. The rents will range from $790 - $960 a month. The units will be kept affordable for a minimum of 50 years - meaning there are limits on what the owners may sell them for.