Gov. Andrew M. Cuomo is expected to announce Friday the completion of a nearly $13 million renovation of Denton Green, a 113-unit Garden City Park development for low- and moderate-income seniors.
Cuomo noted in a statement Thursday that the extensive work on the apartments means seniors will have affordable housing available for decades.
The development was among 35 projects in the state to receive a portion of $78 million in loans and tax credits through New York State Homes and Community Renewal (HCR) in 2011. Denton Green received a $10.17 million tax break through the program. There had been no significant upgrades to the development since it opened in 1972.
It was part of the Mitchell-Lama Housing Program, a nonsubsidy government housing guarantee in the state. Sponsored by state Sen. MacNeil Mitchell and Assemb. Alfred Lama, the program was signed into law in 1955 to develop affordable rentals and co-ops for middle-income residents.
Improvements at the three-story Denton Avenue development include a new elevator and a lounge on the main floor, upgrades to kitchens and bathrooms, energy-efficient appliances, light fixtures and casement windows. "By making these critical upgrades, we are preserving vital affordable housing options for seniors living on fixed incomes," Cuomo said.
The total project cost is $12.7 million. In addition to tax credits, financing included a $537,000 weatherization grant from the Long Island Community Development Corp. and construction financing through Citi Community Capital and $250,000 in federal HOME Investment Partnerships Program funds. SKA Marin was the lead developer.
In 2011, HCR created the competitive Unified Funding Application, a single-source process used to apply for funding for affordable, multifamily developments.
HCR Commissioner/CEO Darryl C. Towns said in a statement, "This award prevents this Mitchell-Lama from leaving the program and going market rate."
CORRECTION: An earlier version of this article misstated the area where housing development Denton Green is located.