NYS HCR, MDG and Smith & Henzy begin $35.8m rehab of 164-unit project in White Plains with partners

White Plains, NY According to New York State Homes and Community Renewal (HCR), MDG Design + Construction LLC (MDG), Smith & Henzy Advisory Group, Inc., and partners, they have started the $35.8 million rehabilitation of Kingsley House, a 164-unit affordable, Mitchell-Lama housing development for seniors in Westchester County, NY. The project will preserve affordability for residents while modernizing and improving the development.  Located at 41 Barker Ave., the development serves seniors earning up to 50% of area median income. The 12-story building consists of 33 studios, 115 one-bedrooms, 15 two-bedrooms, and one superintendent unit.

Kingsley House was originally constructed in 1968 under the New York State Mitchell-Lama Program, which provides housing to middle-income residents across the state. HCR works with owners as they near the end of their 20-year affordability requirements to provide low-cost financing tools that help maintain and improve the developments, while also extending their affordability.

In addition to Smith & Henzy Advisory Group and MDG Design + Construction, partners include Concord Management; architects Newman Design; and Nixon Peabody LLP as borrower counsel.

Through these refinancing efforts, all apartments will receive improvements including new cabinets, sinks, backsplash tile, interior doors and hardware, flooring, updated bathrooms with medicine cabinets, toilets, faucet aerators, and shower heads, as well as Energy Star-rated appliances and high-efficiency heating and cooling systems.

Common area amenities include a communal outdoor patio, library, community room with kitchen area, laundry room, mail room, and ample parking in the adjacent multilevel garage. Shared space upgrades will include new flooring, porcelain tile for the lobby, new finishes in the library and community room, updated LED lighting, new mailboxes, security cameras, elevator modernization, balcony and façade repairs, a new roof, and a wheelchair-accessible entryway. The scope of work also includes various green building requirements to improve efficiency, including installation of new energy efficient windows and balcony doors.

Kingsley House also includes one commercial space occupied by Diamond Chiropractic & Wellness.

“This $35.8 million investment in Kingsley House will outfit all apartments with modern, energy-efficient amenities and ensure long-term affordability for 164 senior households,” said RuthAnne Visnauskas, commissioner of NYS HCR. “The rising cost of housing in Westchester County means that we must take great care to preserve and protect our existing housing stock, especially buildings reserved for older New Yorkers. Mitchell-Lama developments are incredibly valuable housing assets in communities across the State and we thank MDG Design + Construction and Smith & Henzy for moving the Kingsley House rehabilitation project forward.”

“All New Yorkers deserve a safe, secure place to call home for the long term, yet many older adults living on fixed incomes face the difficult decision of paying rent or paying for other necessities,” said Matthew Rooney, CEO of MDG. “Through this project, we’re not only preserving affordability for the residents of Kingsley House, we’re also providing a safe environment to call home and age in place. We are grateful to our partners who make projects like this possible and incredibly successful.”

“Smith & Henzy commends the Kingsley House Inc. Board of Directors and the White Plains Presbyterian Church for their fifty-year commitment to providing essential affordable housing for seniors in White Plains. We appreciate the opportunity to partner with them in this great redevelopment project. We also wish to thank the city of White Plains for their continued support. Finally, we are thankful for NYSHCR and the agency’s staff for all their hard work and assistance,” said Hannah Cedermark, vice president of development for Smith & Henzy.

Financing for the project includes a combination of tax-exempt bonds, Low-Income Housing Tax Credits, and a subsidy from HCR. HCR has committed 53 Project Based Section 8 vouchers, which will significantly reduce existing and future tenant rent burdens.