Plans for Two Yonkers Affordable Housing Developments Advance
The Board of Yonkers Industrial Development Agency has advanced plans to build two downtown affordable housing projects which will provide 392 apartments to low-income residents combined. The agency passed two resolutions this week which will present the plans at public hearings and to negotiate economic development packages for the projects.
The first project, called the Warburton Riverview project was proposed by the Greyston Foundation and consists of a new 12-story building encompassing seven lots totaling 22,587 sq ft located at 54-56 Warburton Avenue, within walking distance to public transportation and the core of downtown Yonkers. The project also involves the demolition of portions of the existing buildings while preserving the historic facades along Warburton Avenue and will create 75 new affordable housing units. The second project involves a major renovation of all 317 affordable units at Cromwell Towers located on 77 Locust Avenue.