Construction Completed on $42 Million Affordable Senior Housing Project in Rockland County
Real Estate In-Depth | September 15, 2021
NANUET—New York Gov. Kathy Hochul announced on Sept. 14 the opening of Vincent’s Village, a $42-million affordable and supportive housing development in the village of Nanuet.
Supported with $21.9 million in financing from New York State Homes and Community Renewal, the development has 93 affordable homes with on-site health and wellness services for adults age 55 and older.
“We are continuing to prioritize and invest in affordable senior housing with developments like Vincent’s Village,” Gov. Hochul said. “This is an example of what can be achieved when a faith-based community, the state and private sector devote their energy and expertise to a development that will enhance the lives of our fellow New Yorkers who need a place to live independently and with dignity. This new community in Rockland allows residents to reside in beautiful surroundings with supportive services available if they need them.”
The project’s co-developers are the Sisters of Charity Housing Development Corporation and Rockabill Development. Homes and Community Renewal also financed the adjacent Seton Village, which opened in 2003 and features 106 apartments for seniors.
Vincent’s Village features three residential buildings with a total of 93 apartments, including 81 one-bedroom units and 12 two-bedroom units, that are affordable to households earning at or below 60% of the area median income. The development also contains 35 units that have access to rental subsidies and supportive services funded by the Empire State Supportive Housing Initiative through the New York State Department of Health.
Located on Convent Road, the development also has two buildings that house a fitness room, laundry room, community rooms and Vinny’s Café -a custom-designed communal space sponsored by the Sisters of Charity Housing Development Corporation. Support services for all residents include health monitoring, care coordination and case management, counselling, and social activities.
Vincent’s Village has energy-efficient features that include high efficiency heating, cooling and ventilation equipment; Energy Star-rated appliances and lighting, and low-flow plumbing fixtures. Its building design and construction achieved Gold Certification in Leadership in Energy and Environmental Design by the U.S. Green Building Council.
Located within the Town of Clarkstown, the development is within a half-mile of shopping and other services along Route 59 and close to public transit including NJ Transit’s Pascack Valley Line. Local transportation for residents will be available through Rockland County Mini-Trans and TRIPS, the county’s paratransit service.
State financing for Vincent’s Village includes $7.5 million in permanent tax-exempt bonds, federal low-income housing tax credits that generated $14.7 million in equity, and $14.4 million in subsidy from New York State Homes and Community Renewal.
Homes and Community Renewal Commissioner Visnauskas said, “We are proud to partner with the Sisters of Charity Housing Development Corporation and Rockabill Development on this important $42 million development. Ninety-three households have new, energy-efficient and safe homes in a thriving community where they can remain active and know support is there for them. The COVID pandemic has only strengthened our resolve to provide affordable housing opportunities that recognize the critical link between health and housing and aid in the state’s long-term recovery.”
The commitment to providing all New Yorkers with access to safe, affordable housing is reflected in the state’s unprecedented $20 billion, five-year housing plan, which makes housing accessible and combats homelessness by building or preserving more than 100,000 affordable homes and 6,000 with support services. Over the past decade in the Hudson Valley, HCR has dedicated about $1.4 billion to build or preserve more than 12,000 affordable homes, leveraging nearly $3.8 billion in total investment, including $51.5 million for approximately 575 affordable homes in Rockland County.
Cardinal Timothy Michael Dolan said, “That Vincent’s Village was built on the site of the former Saint Agatha’s orphanage, also sponsored by the Sisters of Charity, reflects both the commitment of the Sisters to this community, as well as their willingness to change and adapt their ministry to meet the ever-evolving needs of the people they seek to serve.”
Rockabill Development Managing Principal Niall J. Murray said, “Rockabill is honored to have partnered with the Sisters of Charity on a project of such importance to this community. In line with the Sisters’ mission, Vincent’s Village will provide high-quality homes and help seniors maintain their independence and well-being as they age. We wish to thank our many partners in this effort and are grateful for the teamwork that brought this vision to life.”
Rockland County Executive Ed Day said, “I am both personally and professionally proud of these new supportive and affordable apartments for Rockland’s seniors. This Village is a beautiful place to call home and is exactly the type of forward thinking and responsible development that Rockland needs.”
Supervisor George Hoehmann said, “Senior housing has always been one of my top priorities. I am delighted the Sisters of Charity and Rockabill Development have partnered to construct Vincent’s Village in the town of Clarkstown. The new development will provide our seniors with an opportunity to have safe, accessible, affordable housing in Clarkstown, while also providing them the support services they need. Also, thank you to New York State Homes and Community Renewal for helping to finance this project.”