Westchester/Hudson Valley Location
New Program to Make Homeownership More Affordable
Nearly 150,000 people living outside of Westchester County commute into the county to work every day. Why is it that so many people who work in Westchester don’t live here? It’s simple economics. “Many individuals and families who work in Westchester can’t afford to live here,” said Alexander Roberts Executive Director, Community Housing Innovations, Inc. “CHI’s homeownership programs are designed to change that.”
CHI is partnering with the Housing Development Fund, Inc. (HDF), another regional affordable housing nonprofit organization, to provide low-cost second mortgage loans to eligible first-time homebuyers in Westchester. Under the new SmartMove NY program, prospective buyers can put as little as one-percent down and receive low-cost financing that waives the requirement for private mortgage insurance (PMI).
Homeless Kids Get VIP Treatment by the New York Islanders
The ice was frigid but the reception was warm when nearly 40 children from CHI’s Moreland Family Residence on Long Island attended the New York Islanders game on December 14 at the Nassau Coliseum. The kids were treated to dinner and spent some time with team mascot Sparky the Dragon, before sitting down to watch a thrilling game between the Islanders and the Montreal Canadiens. “There is not a lot to cheer about for some of these kids,” said Rosemary Dehlow, CHI’s chief program officer, “so we are incredibly grateful to the Islanders for their generosity and hospitality.”
Peekskill Building Renovation to Advance Revitalization of Waterfront Neighborhood
CHI is renovating two 113-year-old adjacent buildings in Peekskill’s Waterfront District thanks to a $150,000 New York State economic development grant. CHI will use the funds, plus $50,000 in matching funds from the agency, to renovate 400 – 404 South Street, which includes 11 affordable rental apartments and one street-level commercial space.
CHI Gets Grant to Renovate Downtown Poughkeepsie Residence
A walk down Rose Street in Poughkeepsie will be a bit brighter and nicer thanks to a $63,500 grant awarded to Community Housing Innovations, Inc. (CHI). The grant, awarded by Hudson River Housing, Inc. through New York State’s Main Street Program, will allow CHI to make several exterior improvements to its 120-year-old multi-unit residence at 8 Rose Street.
“CHI prides itself in being a good neighbor,” said Debbie Perkins, LMSW, CHI’s Hudson Valley Director of Programs. “This grant allows us to make improvements that will benefit both the residents of 8 Rose Street and the community.”
The residence houses up to 25 individuals, some of whom were previously homeless and may require social service support provided by CHI case managers.
The building will receive multiple exterior upgrades, including upgrading the façade, repairing the front porch, and installing a new porch roof, gutters and downspouts. CHI will use its own funds to replace the driveway, fulfilling a match required by the Main Street Program.
Work on the building is expected to begin in spring 2014 with an anticipated completion in six months.
Only Two Weeks Left to Make Your 2013 Tax-Deductible Gift to CHI
“We are in the midst of the worst rental affordability crisis that this country has known.” Those were the words of HUD Secretary Shaun Donovan earlier this month in Washington D.C. Half of all renters in this country are now paying more than 30 percent of their income for housing. Meanwhile, evictions and mortgage foreclosures continue at an alarming rate.
For 22 years, CHI has served as a valuable safety net, providing affordable housing options for low-income and working families, and helping others become first-time homebuyers. But, we need your help to continue our work.
This holiday season, help us help them with a tax-deductible contribution to CHI. It’s the time of year to count our blessings and one of the most powerful ways to express our gratitude is to help those in need.
TOLL FREE: (877) HUD-COUNSELING • WWW.CHIGRANTS.ORG
Affordable Housing, Apartments and Homeowner Grants, Westchester County, Hudson Valley and Long Island, New York