Mt. Hope Plaza senior affordable housing funding
White Plains
Summary
The city put another $850,000 into finishing a 56-unit affordable senior apartment building at 63 Lake Street that's been years in the making. Costs rose due to tariffs and high interest rates, and the county is contributing $1.25 million more.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 1, 2026.
Impact analysis
$850,000 from the Affordable Housing Assistance Fund — developer fee-in-lieu money, not taxpayer general funds — bringing total city subsidy to about $22,000 per unit.
Seniors aged 62 and older earning at or below 60% of area median income gain much-needed affordable housing.
Mentions & discussions (1)
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