Westchester County consistently leads the market with the highest median sale prices, peaking at $1,031,500 in June 2024 before settling at $860,000 in March 2025.
This event will bring together major stakeholders to strategize how to realize Rockland’s housing potential while maintaining the character of existing neighborhoods.
The event is geared toward real estate professionals, landlords and community advocates and will include identifying sources of income discrimination.
The $96-million project, led by WBP Development LLC, will consist of an eight-story residential building with 108 units and a four-level detached parking garage.
OSSINING—New York Gov. Kathy Hochul announced on April 1 the start of construction for Station Plaza, a new affordable housing development in the village of Ossining. The project will provide 108 affordable apartments, along with essential community facilities and commercial space, helping to revitalize the surrounding neighborhood and increase housing options in the area.
The $96-million project, led by WBP Development LLC, will consist of an eight-story residential building with 108 units and a four-level detached parking garage. Each apartment will be designated for households earning at or below 80% of the Area Median Income, ensuring affordability for a diverse range of future residents.
Station Plaza will feature modern amenities, including a roof deck, fitness facilities, free in-unit Wi-Fi, coworking spaces and a communal laundry area. The development will also include a 3,400-square-foot retail space, a 4,000-square-foot community facility and a 64,000-square-foot parking structure offering 195 spaces, 150 of which will be designated for tenants at no charge, with 45 reserved for public use. Additionally, the project will provide residents with access to a linear public park and an extension of the Sing Sing Kill Greenway.
The development is a model of sustainability, incorporating high-performance building standards such as geothermal heating and cooling, ENERGY STAR appliances, a rooftop photovoltaic solar array and enhanced insulation exceeding code requirements. Eleven electric vehicle charging stations will be available for residents, with infrastructure in place for additional future installations. The project is expected to achieve Enterprise Green Communities Plus certification, further underscoring its commitment to environmental stewardship.
Financing from HCR includes $57.2 million in tax exempt bonds, federal Low-Income Housing Tax Credits that will generate $3.4 million in equity, $17.8 million from the New Construction Program and $4.9 million from the New York State Housing Trust Fund. Westchester County provided $4.4 million from its New Homes Land Acquisition program.
The project also benefits from participation in the Department of Environmental Conservation’s Brownfield Cleanup Program, and upon successful completion of environmental cleanup work, could be eligible for $11 million for land remediation and redevelopment and $2.5 million in sustainability-focused equity in the form of tax credits to be issued by the New York State Department of Tax and Finance.
Over the past five years, New York State Homes and Community Renewal has financed more than 5,000 affordable homes in Westchester County. Station Plaza continues this effort and complements Governor Hochul's $25 billion five-year Housing Plan, which is on track to create or preserve 100,000 affordable homes statewide.
“The solution to the housing crisis is simple — we have to build more housing,” Gov. Hochul said. “Affordable, transit-oriented developments like Station Plaza in Westchester will unlock opportunities for generations of New Yorkers and create new pathways for families to thrive.”
Ossining Mayor Rika Levin said, “I am excited at this public-private enterprise which brings together the best of government practices aligned with private investment. The village of Ossining has long been considered one of the most affordable villages in Westchester. This affordable housing initiative at the waterfront continues to be in line with our focus on balancing development with the village’s capacity to support such growth for the benefit of businesses and residents. Of special note is the incorporation of state-of-the-art decarbonization elements for environmental sustainability, additional private and public parking, commercial retail space and community space, along with the extension of the unique Sing Sing Kill greenway.”
President of WBP Development LLC William Balter said, “We are about our public private partnership with the village of Ossining, Westchester County and New York State that has allowed for this transformation redevelopment of a fallow brownfield site into mixed-income affordable housing, community space, neighborhood retail and a linear park connecting the downtown with the waterfront area of the village.”
Westchester County consistently leads the market with the highest median sale prices, peaking at $1,031,500 in June 2024 before settling at $860,000 in March 2025.
The event is geared toward real estate professionals, landlords and community advocates and will include identifying sources of income discrimination.
In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
The purchaser, Larry Regan of Regan Development Corporation, will be developing the site with a three-story building consisting of 12 units of affordable housing with covered parking.
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