A rehabilitation project with an estimated price tag of $35.8 million has started on a 164-unit senior housing building in White Plains.
Kingsley House at 41 Baker Ave. was built in 1968 as a Mitchell-Lama development. The Mitchell-Lama Program, designed to make housing more affordable, was created by the Limited Profit Housing Act in 1955, and is named for its proponents at the time: State Sen. MacNeil Mitchell of Manhattan and Assemblyman Alfred Lama of Brooklyn.
Senior citizens earning up to 50% of the Area Median Income (AMI) are eligible to live in Kinglsey House. The 12-story building has of 33 studios, 115 one-bedrooms, 15 two-bedrooms, and one superintendent unit. There also is commercial space occupied by Diamond Chiropractic & Wellness.
New York State Homes and Community Renewal (HCR) oversees Mitchell-Lama housing. Along with MDG Design + Construction LLC and Smith & Henzy Advisory Group Inc., HCR announced the start of the rehabilitation effort.
Read the full article on Westchester & Fairfield County Business Journals’ website.
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