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HYDE PARK, NY-Heritage Pointe, a new senior affordable housing complex that previously was an abandoned nursing home, officially opened its doors last week. Estimated to cost $9.5 million to build, Wilder Balter Partners of Elmsford and the Housing Action Council of Tarrytown developed the project. A host of local and state dignitaries were on hand for a ceremonial ribbon cutting at the property that is located just off Route 9 in Dutchess County.

Among those on hand for the ceremony were: New York State Lt. Governor Mary O. Donohue; Otis Jones, deputy commissioner, Housing Office of Housing Management within the State Division of Housing and Community Renewal; Dutchess County Executive William Steinhaus; Hyde Park Town Supervisor Yancy McArthur and Alfred Dellibovi, president and chief executive officer of the Federal Home Loan Bank of New York.

Wilder Balter officials explain that the 82-unit affordable senior community was in fact an adaptive reuse project that involved the conversion of an abandoned Hyde Park nursing home. The five-story elevator building, consists of 62 one-bedroom apartments, 20 two-bedroom apartments, as well as a community room, laundry facilities and outside patio/courtyard. These apartments are available to households earning up to 45 percent of the area median income, which they say translates to monthly rents of $422 to $476 for one-bedroom units and $503 to $568 for two-bedroom apartments.

The senior housing project was financed through the federal Low Income Housing Credit (LIHC) program, which is administered by the New York State Division of Housing and Community Renewal. The development also received a low-interest loan from the Housing Trust Fund Program, which is administered by the New York State Housing Trust Fund Corporation (HTFC), and a Federal Home Loan Bank Loan. Company officials add that Heritage Pointe also received HOME Loans from Dutchess County and equity financing through Mass Mutual.

In respect to its other senior housing developments in the New York metro area, Wilder Balter Partners officials relate that the firm recently opened Stone Hill, a $12 million, 104-unit affordable apartment community for seniors in Washingtonville (Orange County and Woodcrest Estates, a 256-unit, garden-style senior apartment community in Port Jefferson Station on Long Island. The developer also notes that it recently broke ground on Hughson Commons, an $11.7 million, 94-unit affordable senior apartment complex in Carmel (Putnam County) and Brookview Gardens, a $28 million, 208-unit senior community in Babylon on Long Island.

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