NHC member The Community Builders, Inc. (TCB) continues its legacy of affordable housing preservation and development with a ribbon-cutting celebration in Yonkers, N.Y. for Schoolhouse Terrace Apartments, the first completed development in a planned six-phase neighborhood revitalization project. Additionally, TCB received $16.4 million in financing from NHC member MassHousingfor renovations to its Chauncy House development in Boston.
The Chauncy House Apartments contain 22 studios and 66 one-bedroom apartments, all available for lower-income families though HUD Section 8 vouchers. The building is listed in the National Register of Historic Places and will see a number of improvements happen, including kitchen and bathroom upgrades, improved ventilation, elevator upgrades and replacement windows. The façade will also be power washed, patched and repaired.
“We are excited to be able to preserve quality affordable housing in Chinatown, a dynamic neighborhood which is under significant development pressure. Now, with financing from MassHousing, the 88 families that call Chauncy House home will have an even better place to live,” TCB President and CEO Bart Mitchell said in a press release. In a separate press release he also expressed excitement about the completion of the Schoolhouse Terrace development.
“The Community Builders is proud of the transformation of the old Public School 6 site into beautiful mixed-income housing, which 120 Yonkers families can now call home. Beautiful housing, new educational opportunities and spending the construction dollars on jobs for local people all contribute to making Southwest Yonkers a fabulous place to live and work,” he said.
Schoolhouse Terrace features 50 units for low-income older adults and an additional 70 units for low-income families. The development is seeking LEED-Silver certification for its energy efficient design elements, which include green roofing and low-flow plumbing.
Phase II of the six-phase project, a 51-complex development is scheduled to be completed in spring 2016. The third development will feature 70 affordable units for low-income families in Yonkers.