Yonkers IDA To Negotiate $53M Housing Package

YONKERS, NY-The renaissance of downtown Yonkers is continuing to take shape as plans for a new affordable housing complex on the long-abandoned PS 6 school building site will come up for a vote. The city’s Industrial Development Agency will hold a public hearing to negotiate a $52.4 million economic development package for the 1.15-acre property at 33 Ashburton Ave., a site that is currently designated as a brownfield by the state.

The developer, Boston-based The Community Builders, Inc., in partnership with the city’s Municipal Housing Authority, plans to raze the existing school building to pave the way for a two-building, affordable development with 50 units of senior housing and 70 units of low-income family units on the property. If approved, the project would create 350 construction jobs for the city, and would also require remediation before demolition and new construction can take place.