Yonkers Mayor Spano Joins The Community Builders and Mhacy to Celebrate the Transformation of Public School 6

Demolition of the abandoned site makes way for 121 new mixed-income apartments at Schoolhouse Terrace at Croton Heights

YONKERS, N.Y.,  Dec. 11, 2012 — Yonkers Mayor Mike Spano, leading nonprofit housing developer The Community Builders, Inc. (TCB) and the Municipal Housing Authority for the City of Yonkers (MHACY) today marked the start of demolition of the long-vacant Public School 6. The mayor gave the official signal for a crane to begin to take down the structure that had fallen into disrepair too severe for preservation. The school will be replaced by Schoolhouse Terrace at Croton Heights, a $58 million development that will include mixed-income apartments for 121 families and seniors.

Public School 6
The above is a rendering of the new Schoolhouse Terrace at Croton Heights apartments.

 

“Today, we are finally taking the necessary steps to clear this long-time blighted area, transforming it to its greatest potential,” said Mayor Spano. “I thank Governor Cuomo, our state delegation, The Community Builders and Municipal Housing for their continued support and investment in this neighborhood. This effort is a combination of our city working in partnership with its community, ensuring our residents have a place to live, work and raise a family for generations to come.”

Schoolhouse Terrace at Croton Heights is an environmentally sustainable project is designed to meet both U.S. Green Building Council LEED® and NYSERDA Multifamily Performance Program standards. The new development will feature a 70-unit building for families earning under 30 percent of the area median income (AMI) to under 60 percent of AMI. A second building on the site will have 50 units for seniors earning under 50 percent of AMI. The new buildings will sit atop two underground parking garages with 134 spaces to accommodate resident needs. An additional 2,400 square feet of community space are also included in the development.

“TCB is committed to creating mixed-income housing as a platform for opportunity in Yonkers, said Jan Brodie, Northeast regional director for TCB. “We are pleased to mark this first step in making Schoolhouse Terrace at Croton Heights a reality.”

The Schoolhouse Terrace at Croton Heights development is designed with a strong focus on energy efficiency and innovative green design elements, including green roofing and a number of windows that maximize natural light, while providing sweeping views of the Palisades and the Hudson River.

The redevelopment of the Public School 6 site is a collaborative effort to address the blighting influence of the abandoned site. TCB’s newest development in New York State, the project is slated for completion in 2014 and continues the investment in the Ashburton corridor.

Financial participants in the project include New York State Homes and Community Renewal (NYS HCR), City of Yonkers CDBG and HOME funds, TCB Neighborhood Stabilization Program 2 (NSP2) funds, MHACY, RBC Capital and Bank of New York, M&T Bank, Federal Home Loan Bank of New York, New York State Energy Research Development Authority (NYSERDA), New York State Tax Credits and Brownfields funds, U.S. Department of Housing and Urban Development (HUD).

 "This is a great example of the transformational projects being supported by the Mid-Hudson Regional Council throughout the Hudson Valley," said Empire State Development President, CEO and Commissioner Kenneth Adams. "The redevelopment of the Public School 6 site will improve the quality of life for hundreds of New Yorkers by turning a long-vacant property into much-needed housing for hard working families and our seniors. Under the leadership of Governor Cuomo, we are seeing what can be accomplished when the State works together with local government and the private sector - producing real results that benefit our communities. We thank Mayor Spano and The Community Builders, and all of our partners, for their commitment to moving this project forward."

Darryl C. Towns, Commissioner/CEO of New York State Homes and Community Renewal (HCR) said, "Governor Andrew Cuomo's Mid-Hudson Regional Economic Development Council awarded critical financing to move the transformation of Public School 6 into quality homes for seniors and families. HCR is proud to be part of this effort to redevelop a dilapidated building on a brownfield site into energy-efficient, sustainable, affordable housing - and inject $58 million dollars into the local economy. Thank you to The Community Builders, Mayor Spano, the Mid-Hudson Regional Economic Development Council, and all of our partners for your dedication and support."

“I am so very proud to join my colleagues in city and state government as well as The Community Builders and the Yonkers Municipal Housing Authority to see the beginning of Public School 6’s transformation from an eyesore into quality affordable housing for the people of Cottage Place Gardens and beyond. The State’s sizable commitment of $29.6 million, through the Regional Economic Development Councils, speaks volumes to the importance of this project to providing affordable housing and fostering economic development and job creation in downtown Yonkers,” said Senator Andrea Stewart-Cousins (D/I/WF – 35th District). 

“Today’s efforts are symbolic of the collaboration between our city and state officials for the benefit of our community and its residents. The State is committed to see projects like this succeed so we can continue to provide quality and affordable housing in Yonkers. I thank all the partners who worked together so that our Yonkers neighborhoods flourish for generations to come,” said Assemblyman Gary Pretlow (D – 87th District).

"This is a great day for the people of Yonkers, who are finally seeing a deteriorated school building turned into affordable and desirable housing for Yonkers' residents. It is an important step forward in the smart redevelopment of our City and the creation of affordable, quality housing, I applaud all those who made this possible, especially The Community Builders and the Yonkers Municipal Housing Authority, and our state and city partners for all their work on this project," said Assemblywoman Shelley Mayer (D/I/WF – 93rd District). 

PRESS RELEASE

Media Contacts:
Stephanie Anderson Garrett
The Community Builders, Inc.
(857) 221-8665
sgarrett@tcbinc.org

About The Community Builders, Inc.
The Community Builders, Inc. (TCB) is the largest nonprofit developer of mixed-income housing in the United States. Our mission is to build strong communities where people of all incomes can achieve their full potential. We realize our mission by developing, financing and operating high-quality housing and implementing neighborhood self-help initiatives to drive economic opportunity for our residents. Since 1964, we have constructed or preserved over 320 affordable and mixed-income housing developments and secured over $2.5 billion in project financing from public and private sources. Today, we manage more than 100 properties in 12 states. We are headquartered in Boston with regional hubs in Chicago and Washington.

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