United-Methodist-Church-NewburghProposed Name:  Newburgh Progress

Potential Construction Start Date:  January 2020

Support Materials:  Newburgh Revitalizaton Powerpoint Presentation 3/7/19

Partner Agencies: 
      Blacc Vanilla Community Foundation
      Bridges of New York
      Center of Creative Education
      City of Newburgh
      Habitat for Humanity-Greater Newburgh
      Newburgh Community Land Bank

Property Overview:  62 apartments in 23 locations
      32 three-bedrooms
      16 two-bedrooms
      13 one-bedrooms
        1 superintendent apartment at 257 Liberty Street (second floor)
      15 apartments 30% AMI ($28,380 family household of 4)
      26 apartments 50% AMI ($47,300 family household of 4)
      10 apartments 60% AMI ($56,760 family household of 4)
     10 apartments 60-70% AMI (up to $66,220 family household of 4)

Property Location:  
24 addresses in a four-block radius of Broadway and South Street, DuBois and Grand Streets, in Newburgh’s historic East End district

abandoned brick building 257 Liberty Street, NewburghConcept:  Historic preservation and adaptive re-use of existing building paired with new construction of multi-familly homes, revitalization of Newburgh’s historic district with a community wealth-building model involving daycare, job training and community center

Estimated Total Development Cost:   $32 million includes soft costs and pre-construction development expenses

Property specifics:  A combination of apartments preferenced for income-eligible families
      Chambers Street: 135, 137
      DuBois Street: 35, 37, 39
      First Street: 193, 197, 215
      Johnston Street: 45
      Lander Street: 33, 42, 44, 98, 114, 116, 118, 122, 133, 135, 137, 139
      Liberty Street: 245, 257
      S. Miller Street: 23
      First United Methodist Church renovation includes rentable community space, training classrooms 
and kitchen, youth programs, coffee roasting, and artist gallery 

Residents served:  Bridges of New York will offer select residents supportive housing services to manage their individual wellness, healthcare relationships, and day-to-day living. Resident eligibility varies; tenants include income-eligible, special needs populations.

Staffing:  Creative Manager, on-site superintendent, part-time property manager

Historical significance:   Properties built between late 1800s and 1920s have applied for consideration to Federal and State Historic Registers

Potential job creation:  217 job opportunities during construction, 12 permanent direct and indirect jobs upon opening

Potential funding sources: 

$650,000 Leviticus Project Start Fund predevelopment assistance
NYS HCR mortgage debt,
Community Preserversation Corp. loan
9% Federal Low Income Housing Tax Credits
Federal & NYS Historic Tax Credits
NYS Low Income Housing Tax Credits
NYS ESSHI
City of Newburgh lead-line replacement grant
Orange County HOME funding
Private equity
Other potential sources

Frequently Asked Questions & Answers: Email your questions to Emily Hamilton

Last updated 3/12/19

 

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