Newburgh East End I

Picture 2 of 6

EAST END APARTMENTS – Completed in 2018 

East End Apartments epitomizes a tri-sector approach among several nonprofits, private investors, and government sectors to transform the Newburgh community through building rehabilitation and the creation of integrated housing. RUPCO partnered with NYS Homes and Community Renewal, the Newburgh Community Land Bank, the City of Newburgh, and private investors, to transform 15 abandoned sites into safe, sustainable and affordable homes. The collaborative effort sparked rejuvenation in the City’s East End Historic District – the second largest historic district in New York State.

East End houses 45 mixed-income apartments at 15 addresses situated in a four-block radius north of Broadway. These newly renovated homes preference middle-income families, artists, homeless youth, and veterans in need. The cluster is conveniently located adjacent to the Broadway business and government corridor, SUNY Orange (Newburgh campus), Mount Saint Mary College, and St. Luke Cornell Hospital. The multi-site development also includes 3,000 square feet of community space known as “The Hub.” This multi-purpose area hosts a community policing sub-station, studio/gallery space for artists, and meeting space for after-school activities.

East End benefits from an Empire State Supportive Housing Initiative (ESSHI) award that allows for local nonprofit, Bridges of New York, to provide case management services for seven residents (formerly homeless young adults ages 18-25 and veterans in need.)

RUPCO restored the 19th-century traditional row homes with historic preservation and energy efficiency in mind, paying attention to architectural details and NYS EnergyStar® for Homes and LEED for Homes standards. The NYS and Federal Historic Credits each provide a
20% credit incentive for the rehabilitation of historic properties that are listed in the NYS National Register of Historic Places. The programs are administered through the NYS Office of Parks, Recreation and Historic Preservation and the National Park Service. RUPCO’s vision of
creating high-quality housing for the neighborhood also included job opportunities for residents. General contractor, Affordable Housing Concepts, utilized local tradesmen and hired dozens of Newburgh residents for its construction crew.

 

 

Finance and Funding Partners
Construction CPC – First Mortgage        $     550,000
Perm Loan Federal LIHTC*                        $ 9,944,407
Federal Historic Tax Credits*                   $ 2,486,370
NYS Historic Tax Credits*                          $ 1,632,465
City of Newburgh                                         $      40,000
Deferred Developer Fee                            $    511,613
TOTAL:                                                            $15,164,855

*Private equity from Sterling National Bank of $14,063,242
is purchasing the tax credits; Raymond James serves as
syndicator of investor tax credits

 

 



 

Finance and Funding Partners
■ City of Newburgh
■ NYS Homes and Community Renewal
■ NYS Office of Parks, Recreation and Historic Preservation
■ NYS Office of Temporary Assistance
■ Orange County
■ Raymond James
■ Sterling National Bank
■ The Community Preservation Corp.

Development Team
■ Developer: RUPCO
■ Collaborative Partner: Newburgh Community Land Bank
■ Architect: Coppola Associates
■ General Contractor: Affordable Housing Concepts
■ Managing Agent: Safe Harbors of the Hudson
■ Support Services: Bridges of New York

 

OTHER RELEVANT INFORMATION ABOUT NEWBURGH:
Ribon-cutting at Historic Rehabilitation of Newburgh’s East End Apartments, 9/25/18
Newburgh East End Leaseup Information
Collaboration Transforms Newburgh’s Historic East End, 4/17/18

INDIVIDUAL PROPERTY PAGES:
19 South Miller Street
21 South Miller Street
29 Lander Street
36 DuBois Street
38 DuBois Street
54 DuBois Street
57 DuBois Street
39 A-B Johnston Street
46 Lander Street
48 Lander Street
50 Lander Street
185 First Street
195 First Street 

Print Friendly, PDF & Email