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Homes and Community Renewal

New York State Homes and Community Renewal Announces Completion of $18 Million Affordable Senior Housing Development in Westchester County

 

Vienna Senior Apartments in Rye Provides 100% Affordable Homes for Seniors

 

 

 

New York State Homes and Community Renewal today announced the grand opening of an $18 million affordable housing development in the City of Rye in Westchester County, providing 41 apartments for residents ages 62 and over.

Commissioner of New York State Homes and Community Renewal RuthAnne Visnauskas said,"Vienna Senior Apartments will provide seniors who are often burdened by rising housing costs with an affordable option while strengthening the local economy and creating a more cohesive and diverse community in Rye. Governor Cuomo continues to lead the way forward in protecting seniors and ensuring all New Yorkers have an affordable place to call home.”

The development complements Governor Cuomo’s unprecedented $20 billion, five-year Housing Plan, which is making housing accessible and combating homelessness by building and preserving 112,000 affordable homes, including 6,000 supportive homes.  The plan is a comprehensive approach to statewide housing issues, and includes multifamily and single-family housing, community development and rent stabilization.

Vienna Senior Apartments

The newly constructed four-story Vienna Senior Apartments are located at 250 Theodore Fremd Avenue, are 100 percent affordable, and feature 28 one-bedroom apartments and 13 two-bedroom apartments. The development is conveniently located a short distance from the Rye MTA Metro-North Railroad station and near several Westchester County Bus System routes, as well as close to retail shops, education, healthcare facilities and government offices.

The complex includes a community room, a laundry room on each floor, outside landscaped areas for residents and 61 parking spaces. The apartments are reserved for households earning at or below 60 percent of the area median Income. Eight apartments will be set aside for households making at or below 50 percent of the area median income.

It was designed with sustainable features, including Energy Star heating and cooling equipment, appliances and fixtures. The plumbing fixtures will help conserve water, the hardwood flooring was sustainably grown, and there are daylight sensors on all exterior lighting to cut waste.

HCR provided $14.3 million in financing for the development, including $630,000 in Low Income Housing Tax Credits that will generate $6.8 million in equity. Westchester County provided $1.2 million in Housing Infrastructure funds and $1 million in Fair and Affordable Housing funds.

Westchester County donated the land, and the development is helping to meet its federal court settlement regarding the need for affordable housing in many of the County’s communities, including the City of Rye.

Westchester County Executive George Latimer said, “While the terms of the Affordable Housing Settlement were established long before I became County Executive, I plan to work cooperatively with developers, the local municipalities, the State and the Federal Government to ensure we are building affordable housing throughout Westchester. The Vienna Senior Housing Complex and other developments like it address a critical need for our senior citizens, who are the most vulnerable members of our communities. Safe, affordable housing should be a basic right for everyone living in this County. We have long identified this site of County-owned land as ideal for senior housing; we are thrilled it has come to fruition.”

The developer is Lazz Development, an entity controlled by Louis Larizza. Larizza is responsible for creating more than 250 affordable for sale and rental units throughout the 12 municipalities in Westchester County.

Assemblyman Steve Otis said, “Congratulations to everyone responsible for this senior housing complex. It was made possible with the support of senior advocates in Rye, the hard work of Lazz Development in designing a beautiful project and Governor Cuomo’s housing team through which NYS provided essential funding that made these new senior units possible.”

Westchester County Board of Legislators Chair Ben Boykin said, “The Vienna Senior Apartments, and their 40 units of affordable housing, address a critical need for individuals 62 and older in our communities. While this development is part of the fair-housing settlement between Westchester County and the federal government, I'm proud to note that the County is going beyond the requirements of that agreement in the number of affordable housing units in the works. We must continue to provide housing in our communities that meets the need of our seniors and others looking for affordable options.”

Westchester County Legislator Catherine Parker said, “I have long been a supporter of the Vienna development in Rye since my days as a Rye City Councilwoman. There is no question that affordable housing is a need in short supply for many senior citizens, and creating a beautiful complex like the Vienna to help meet that need suggests that we are on the right path.  I applaud developer Louis Larizza and Lazz Development, the Westchester Housing Council, the local officials who have made this day possible, and NYS Homes and Community Renewal. My thanks to Governor Cuomo for creating a historic $20 billion dollar, five year plan to aggressively add more affordable housing throughout New York State.”

City of Rye Mayor Josh Cohn said, “The City of Rye is very happy to have additional senior housing. Thanks to Governor Cuomo and the many other officials who helped make this possible. We welcome the Vienna occupants.” 

For more information: nyshcr.org

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