Landy Court, an 80-unit affordable and supportive housing development in Yonkers, opened today, as reported in New York YIMBY. All of the units are reserved for individuals and households at 60% AMI. Supportive services, including individual case management, employment assistance, and support for combatting substance abuse, will be provided by St. Joseph’s Medical Center.
The $49 million project was financed through a combination of permanent tax-exempt bonds, Federal Low-Income Tax Credits, a New York State Homes and Community Renewal (NYSHCR) subsidy, and funding from the New York State Office of Temporary and Disability Assistance, the New York State Office of Mental Health, and program development grants.
Landy Court was developed by St. Joseph’s Medical Center and Concern Housing. HSE served as deal counsel.