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MOODY's GIVES GREENBURGH Aaa! HOUSING AUTHORITY PROPOSAL TO BUILD 82 AFFORDABLE SENIOR HOUSING
Release Date: October 18, 2016

 
Moody’s bond rating agency gave Greenburgh their highest rating: Aaa. “The Aaa rating reflects the town's affluent and sizeable tax base, sound financial position withstrong fiscal management, low debt profile, and manageable pension liability.”  The Aaa rating from Moody’s and  the AAA rating from Standard & Poor’s will save you $$$ because we are able to borrow at better rates. A few years ago it was reported that only 1% of governments in the United States have a triple A rating from both bond rating agencies.
 
GREENBURGH HOUSING AUTHORITY PROPOSAL TO BUILD 82 AFFORDABLE SENIOR HOUSING APARTMENTS ON MANHATTAN AVE AND PROCEEDS--APPLICATION HAS BEEN FORWARDED TO PLANNING BOARD
HOUSING AUTHORITY DEVELOPING TEMPORARY RELOCATION PLANS FOR RESIDENTS WHO LIVE IN CURRENT APARTMENTS
 
The Greenburgh Housing Authority, along with a co-applicant, recently submitted a petition to create a new zoning district in the Town which could facilitate the redevelopment of existing senior housing on Manhattan Avenue with a new senior housing building, providing more affordable housing options for seniors and providing additional senior-oriented amenities at this location. As highlighted in the Town’s recently adopted Comprehensive Plan, affordable housing for seniors is important as income for seniors can be limited and is important due to the fact that our senior population is growing. The Greenburgh Housing Authority is developing temporary relocation plans for residents, should the project be approved and constructed. On Monday, October 17th, the Town Board voted to refer the petition to the Planning Board. A project description is listed below.  
 
Petition Description: A Zoning Map and Zoning Text Amendment (Town Board approval, referral to Planning Board) petition to add a new zoning district (M-SH – Multifamily Senior Housing) to the Town’s Zoning Map and Zoning Ordinance. If the M-SH – Multifamily Senior Housing District is added to the Zoning Map and Zoning Ordinance, the Petitioner seeks to have a property located at Parcel ID: 7.410-228-9 (48, 50, 54, 56 and 58 Manhattan Avenue – P.O. White Plains), which contains 30 existing senior housing units, rezoned to the M-SH District for the purposes of permitting a proposal for an 82 unit senior housing (age 62+) development. The subject property consists of approximately 113,691 sq. ft. (2.61 acres) and is situated on the west side of Manhattan Avenue at the intersection of Manhattan Avenue and Florence Avenue. The property is presently located in the UR Urban Renewal [Residential C – Housing for the Elderly] District and is designated on the tax map of the Town of Greenburgh as Parcel ID: 7.410-228-9.
PAUL FEINER




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