Yonkers RAD Preservation

  • Rehabilitation
  • Rental
  • Public Housing/RAD
  • Senior/Supportive
  • Yonkers. NY
  • 853 Units
  • Completion scheduled for December 2019
  • OCV Architects

The Municipal Housing Authority of the City of Yonkers (MHACY) partnered with D+B and L&M Development Partners to undertake the RAD conversion and tenant-in-place rehabilitation of three public housing developments encompassing 12 buildings with a total of 853 units (415 family units and 438 units for seniors). The developments are Schlobohm Houses, a 415-unit family housing development; Walsh Homes, a 299-unit senior housing development; and Flynn Manor, a 139-unit senior housing building. All units will be converted to RAD or traditional project-based Section 8.

The project includes the rehabilitation of all units. Specific unit improvements vary according to need but include updating kitchens, updating baths, bathroom floor replacement, installation of new windows, replacement of roofs and boilers, and new finishes and painting. Onsite parking, sidewalks, and fencing are being repaired.

Landscaping, community areas, and children’s play areas are all being refurbished. Building-wide work includes lobby and hallway upgrades, elevator repair and replacement, security camera upgrades, and installation of key fob–controlled access. The rehabilitation also incorporates significant energy efficiencies such as new LED and energy efficient lights, Energy Star appliances, low-flow plumbing fixtures, elevator modernization, and energy management control systems. All work is being completed in accordance with Davis-Bacon wage requirements.

Financing included tax-exempt bonds issued by the New York State Housing Finance Agency (HFA), 4% Low Income Housing Tax Credits, and a subordinate loan from the HFA of Public Housing Preservation funds. Citibank provided construction financing/credit enhancement through its back-to-back program, and Wells Fargo and Citibank were the equity investors.