OVERVIEW:  E2 Energy Square (a white paper)

LOCATION:  20 Cedar Street, Kingston, NY 12401

ARCHITECT: Scott Dutton, Dutton Architecture PLLC Kingston, NY
GENERAL CONTRACTOR: U.W. Marx of Troy, NY
SITE: 1.5 acres
SQUARE FOOTAGE: .70,000 square feet with 10,000 SF dedicated to civic space, future home of Center for Creative Education
APARTMENTS TO BE BUILT: 57 total 
Two (2) studio apartments
44 1-bedroom apartments
6 2-bedroom apartments
4 3-bedroom apartments
1 On-site Superintendent apartment

E2-energy-square-mixed-use-complex-Kingston-NY

PERMANENT FUNDING SOURCES $21,998,693
(as of 12/18/17): 
Total Permanent Financing $21,998,693
First Mortgage $3,050,000
Solar ITC $157,997
Federal LIHTC $10,217,176
NYS LIHTC $1,624,838
Federal Historic RC $0
NYS Historic RC $0
HCR Middle Income $550,000
NYS HTF $2,274,272
RESTORE $305,000
CIF $2,000,000
CFA-NYSERDA $1,000,000
NYSERDA-EnergyStar $196,700
NYSERDA-Geothermal $96,000
Deferred Developers Fee $526,710

QUESTIONS: To help our neighbors better understand affordable housing and the impact of this housing opportunity on the Kingston community, we welcome your questions. Please send your queries to Tara Collins, Director of Communications, at tcollins@rupco.org.

OTHER RELEVANT INFORMATION ABOUT E2: ENERGY SQUARE:
RUPCO Receives Funding for Energy Square, 12/30/17
A Three-County Regional Housing Needs Assessment: Orange, Dutchess and Ulster Counties from 2006 to 2020
RUPCO Success Measures (Community Impact Measure, CIM, Study)
2015 State of the Nation’s Housing, The Joint Center for Housing Studies of Harvard University
“Why an Affordable & Mixed-Income Housing in Midtown Makes Sense”, by RUPCO CEO Kevin O’Connor 6/30/15