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When completed, “602” will provide a unique homeownership opportunity for a household who cannot afford to buy in the private marketplace.
The sale price is $223,000, designed to reach a household whose income is no greater than 80 percent of the median income of Westchester County. The maximum income for a three person household is $76,050; for a four person, $84,550; and a five person, $91,300.
Renovations to be completed this summer include new windows, a large kitchen and dining area, wood floors throughout , new appliances, and a new private patio. The three-bedroom homes is about 1,400 square feet, and include basement storage, a garage, and a new state of the art septic system.
“’602’ is an exciting new opportunity for a family of modest means to become a homeowner in a community known for its award winning school and recreational opportunities,” according to Rose Noonan, Executive Director of Housing Action Council who is marketing the development.
Peter Russell who visited this past week said he is “delighted to see how bright and neat the kitchen, living room, bathrooms and three bedrooms look now that the new doors and windows are in place. The walls have been paint-primed and soon the new kitchen cabinets will be installed. The house is very convenient, just a five minute walk to the good local shops and the train station in Croton Falls".
Russell is President of Allied Community Enterprises, the developer of “602”. ACE is a not for profit agency dedicated to creating affordable housing in northern Westchester. The County of Westchester has provided financial assistance to assure affordability.
“602” contributes to the 750 homes that the County must facilitate under its 2009 Housing Settlement with HUD. Applications will be accepted through June 15, 2015.
A lottery will be held June 22 at 7 p.m. at the Ruth Keeler Memorial Library in North Salem to determine the order in which applicants will be qualified.
An early fall occupancy is planned. Applications and brochures, in both Spanish and English, are available on the Housing Action Council website.
For additional information, call 914-332-4144.
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