Governor Kathy Hochul announced the completion of Maple Commons, a new housing development in Croton-on-Hudson that offers 33 affordable, energy-efficient homes in a walkable, transit-oriented community. The $18 million two-building complex, developed by Regan Development, is affordable for residents earning up to 80 percent of the Area Median Income. In the past five years, New York State Homes and Community Renewal has created or preserved more than 5,000 affordable homes in Westchester County. Maple Commons continues this effort and complements Governor Hochul’s $25 billion five-year Housing Plan which is on track to create or preserve 100,000 affordable homes statewide.
“Maple Commons brings critically needed affordable apartments to Croton-on-Hudson, one of the State’s first Pro-Housing Communities,” Governor Hochul said. “This highly energy-efficient, transit-oriented development is the latest example of my administration’s commitment to making our state more affordable and ensuring all New Yorkers have access to a stable and secure place to live.”
Located on Maple Street in the village of Croton-on-Hudson, the newly-constructed development features an 8,000 square foot park that is open to the public, and additional outdoor common spaces, including a playground. All residents will be provided free high-speed internet in their unit.
The highly energy efficient, all-electric development has been certified under the NYSERDA New Construction – Housing Program. Efficiency measures include high-efficiency equipment for space heating and cooling, domestic hot water, and appliances.
State financing includes State and Federal Low Income Housing Tax Credits that will generate $11.1 million in equity and $1.7 million in subsidy from New York State Homes and Community Renewal. Westchester County provided $1.7 million through their New Homes Land Acquisition Program.
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