Westchester County Executive Jenkins Signs Bill to Advance Yonkers Affordable Housing Project

The 16-story development that is estimated to cost more than $116 million to complete will include a variety of apartments.

Westchester County Executive Jenkins Signs Bill to Advance Yonkers Affordable Housing Project
Westchester County Executive Ken Jenkins speaks at the press conference announcing the county funding for the affordable housing project on South Broadway in Yonkers.

YONKERS—Westchester County Executive Ken Jenkins signed legislation on Oct. 9 for the construction of 160 affordable rental units at 632-636 South Broadway in Yonkers.

Westchester County will contribute $5.9 million in land acquisition, and more than $4 million in infrastructure funding for the development of 160 apartments and 146 parking spaces, in addition to new ramps, signage, landscaping, waterproofing and drainage, electrical and fire suppression systems, and other infrastructure improvements.

The legislation package signed by Jenkins is in partnership with the Westchester County Board of Legislators, the City of Yonkers and MacQuesten Development, LLC of Pelham. Additional funding for the development will be provided by various entities of New York State and the City of Yonkers. The Parker project, being developed by MacQuesten Development, secured incentives from the Yonkers Industrial Development Agency.

The 16-story development that is estimated to cost more than $116 million to complete will include a variety of apartments including seven studios, 69 one-bedroom, 64 two-bedroom, and 20 three-bedroom units. The properties will be designated for households earning at or below 50% and up to 80% of the Westchester County Area Median Income (AMI).

Westchester County Executive Jenkins said, “We are continuing on our path to create as many affordable housing opportunities as possible in Westchester. Every member of our community should have the right to make a home here, and housing needs to be available at a price point that all people can afford. I want to thank our partners at the City of Yonkers as well as Macquesten Development for their commitment to this project, which will affirmatively further fair housing in our communities. This legislation is filling a critical need, and when we allocate significant funding for these kinds of projects, we are helping to improve the quality of life for our residents and families.”

Yonkers Mayor Mike Spano added: “As leaders in providing the most quality, affordable housing stock in Westchester, Yonkers is proud to join our partners in government on this new development as it is a significant step in creating an even more inclusive and accessible city. Together with Westchester County, we’re not only building homes — we’re building opportunity, dignity, and stronger communities for all our residents. Thank you to County Executive Jenkins and his team for their continued leadership and vision.”

Westchester County Board of Legislators Chairman Vedat Gashi said: “Too many families are struggling to keep a roof over their heads. That's why I'm proud the Board came together and unanimously passed this affordable housing package on Monday night. We're all committed to one thing: making sure people can actually afford a place to live here in Westchester. I want to thank the County Executive for signing this critical legislation. Together, we're delivering real help to working families in Yonkers and across the County.”

MacQuesten Development Executive Vice President Joseph Apicella said, “This project will be an iconic statement for the Yonkers and New York City gateways, replacing a defunct former car dealership with beautiful 16-story high-end workforce housing.”

The property at one time was the site of a car dealership. The site now features a one-story retail building that will reportedly be demolished to make way for the affordable housing development.

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Real Estate In-Depth

Real Estate In-Depth is the official publication of the Hudson Gateway Association of Realtors.

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