Queen City RAD Preservation
- Public Housing/RAD
- New Rochelle, NY
- 203 units
- Completion scheduled for December 2020
- Peter Clements Architect
D+B partnered with Property Resources Corporation and the New Rochelle Municipal Housing Authority on the Queen City RAD Preservation, a RAD conversion and tenant-in-place rehabilitation of two senior buildings with a total of 203 units. Both buildings are existing concrete-and-masonry-construction public housing properties built in 1972.
The scope of rehabilitation includes extensive apartment renovations, including full renovations of kitchen and baths, repairs or replacements to the building façade, roof, doors and windows, and elevators, as well as mechanical and electrical upgrades, in-unit repairs to kitchens and bathrooms, and the installation of energy-efficient (Energy Star) appliances and radiator controls, LED lighting, and low-flow fixtures in kitchens and bathrooms. The project will receive accessibility upgrades to bring the buildings into compliance with ADA requirements, as well as improvements in landscaping.
Financing includes tax-exempt bonds issued by the New York State Finance Agency, 4% Low Income Housing Tax Credits, and New York State funds. Bank of America was the bond credit enhancer and investor, and Hudson Housing Capital was the syndicator. The project closed in June 2018 and is scheduled for completion in December 2020.