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Hudson River Housing secures funding to undertake $22 million affordable housing investment “Fallkill Commons on Rose” in the City of Poughkeepsie

May 10, 2018 - Hudson River Housing announced that it has been awarded $20.2 million in funding from the New York State Low-Income Housing Tax Credit program and Supportive Housing Opportunity Program for its project Fallkill Commons on Rose, securing the final piece of all funds necessary for this crucial investment in affordable housing in the City of Poughkeepsie. Fallkill Commons on Rose is part of a comprehensive effort by Hudson River Housing, together with many partners, to address our affordable housing shortage, improve neighborhood stability, and increase quality of life for all City of Poughkeepsie residents. Fallkill Commons on Rose builds upon the tremendous momentum of projects like the Poughkeepsie Underwear Factory to continue our work of strengthening communities. The Low-Income Housing Tax Credit award was the largest award across New York State in this round.

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“Fallkill Commons on Rose is a significant step forward for our affordable housing and neighborhood revitalization efforts. Projects like the rehabilitation of foreclosed homes on North White Street, the renovation of the Poughkeepsie Trolley Barn as a community arts space, and the economic development engine that is the Poughkeepsie Underwear Factory, are coordinated strategies all leading to the same outcome - helping both people and places achieve their full potential,” according to Executive Director Christa Hines.


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