168 Applications Make Deadline for Lace Mill Lease-up Lottery

Lace-Mill-sheetrocking-IMG_3663As of the March 31 deadline, RUPCO has received 168 applications for The Lace Mill, a creative placemaking project in the artistic heart of midtown Kingston. RUPCO is preparing to lease 55 newly developed, live/work apartments preferenced for artists in Ulster County later this summer.

“We’ve had a terrific turnout from the artist community for this affordable housing opportunity,” notes Kevin O’Connor, CEO at RUPCO. “With 55 units and 168 interested parties, this 3-to-1 submission rate demonstrates the demand and need for affordable housing in the region. At RUPCO, we’re looking forward to screening applicants efficiently and expeditiously in the coming weeks. All 168 applications received through March 31 will now be entered into a lottery and processed for eligibility. To those who missed the deadline, you can still get your application in late, as we will continue to accept tenant applications.” Applications are available online at www.rupco.org and can be submitted by mail or in person at 289 Fair Street, Kingston, NY 12401.

Since breaking ground last year, RUPCO has been steadily renovating The Lace Mill, a century-old lace curtain manufacturing facility, located at 165 Cornell Street, Kingston. “Over the next six months, our conservative lease-up schedule for The Lace Mill is for 14 residents to move in by June 15. Then, depending upon unit completion, seven tenants per month will take up residence at The Lace Mill. By December 15, 2015, the last six households should be in,” adds O’Connor. “If more units are available, we’ll invite residents to move in early. There’s going to be a lot of activity going on at The Lace Mill in the coming months and Midtown will bustle with creativity. We see The Lace Mill as an integral part in Kingston’s ongoing urban revitalization, in this case through affordable housing for artists.” Located within the City of Kingston’s Midtown Arts District, The Lace Mill joins art-focused business neighbors Bailey Pottery Equipment Corp., R&F Handmade Paints, American Made Monster Studios, ColorPage, Cornell Street Studios, and The Shirt Factory. The blossoming arts district connects the dots between established businesses and attractions like the Ulster Performing Arts Center on Broadway, Arts Society of Kingston in the Rondout, and citywide galleries. The Kingston Midtown Arts District designation is part of Mayor Shayne Gallo’s larger BEAT (Business, Education, Arts, Technology) Initiative.

RUPCO has been creating homes, impacting lives and building community since 1981.  A leader in homeownership, foreclosure counseling, energy-efficiency and rental assistance programs, RUPCO is expanding its programmatic offerings throughout the Hudson Valley with the recent RDAC affiliation and urban revitalization projects in Newburgh, Saugerties, and Kingston. For more information, visit www.rupco.org.

Released from Kingston, NY on April 1, 2015 by RUPCO Communications