Construction Begins on $42M Senior Project in Rockland County
John Jordan | April 17, 2019
NANUET—State officials announced on April 16 that construction had begun on a new $42-million senior affordable and supportive housing development here.
The 93-unit Vincent’s Village community will be developed by the Sisters of Charity Housing Development Corp. of Staten Island and Rockabill Development, LLC of New York City. The development site is located adjacent to the Sisters of Charity’s Seton Village senior housing property and was once part of the campus of St. Agatha’s Home for Children.
Vincent’s Village will also offer on-site health and wellness services to help vulnerable seniors live independently.
Vincent’s Village will feature 81 one-bedroom apartments and 12 two-bedroom apartments. Thirty-five apartments will be set aside for frail elderly households. Rents will be affordable to senior households with incomes at or below 60% of the area median income.
The development complex on Convent Road will also have two additional buildings with community facilities including a fitness room, computer room and support services provided by the Sisters of Charity Housing Development Corporation. Support services for all residents include health monitoring, care coordination and case management, counseling and social activities.
“Affordable and supportive senior housing is critical to reducing homelessness in communities across the State,” Gov. Andrew Cuomo said. “These homes for seniors will deliver on-site services to residents, ensuring safe and healthy homes and enhancing the quality of life for some of our most vulnerable New Yorkers.”
Vincent’s Village will have numerous energy-efficient features including high-performance thermal enclosure and air-sealing; high efficiency heating, cooling and ventilation equipment; Energy Star-rated appliances and lighting and low flow plumbing fixtures.
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 the county’s paratransit TRIPS service.
Sisters of Charity Housing Development Corporation Sister Donna Dodge said of its new development venture, “The Sisters of Charity Housing Development Corporation has been dedicated to the ministry of providing affordable housing to New Yorkers since 1986. We are thrilled to realize a long-held dream to develop housing on the site for Vincent’s Village.”
Rockabill Development, LLC, managing principal Niall Murray adds, ” It has been an honor to work in close partnership with the Sisters of Charity Housing Development Corporation to bring to fruition their vision for this magnificent site. With an ever-increasing aging population, Vincent’s Village’s model of independent living bolstered with onsite services will allow seniors the dual benefit of an affordable place to live and to age in place with dignity.”
New York State Homes and Community Renewal’s financing for Vincent’s Village includes $7.5 million in tax-exempt bonds, federal Low-Income Housing Tax Credits that will generate $14.7 million in equity and $14.4 million in subsidy through the Supportive Housing Opportunity Program. The NYS Department of Health will provide rental assistance and financing for supportive services through the Empire State Supportive Housing Initiative, state officials noted.
Editor, Real Estate In-Depth