In Progress

City of Poughkeepsie Neighborhood Stabilization Program

Hudson River Housing, Inc. (HRH) has been awarded $2,147,246 through the Neighborhood Stabilization Program (NSP). The program, funded with Federal and State funds, targets communities most severely affected by the foreclosure and subprime crisis. These funds will allow HRH to assist in the acquisition and rehabilitation of foreclosed properties in the City of Poughkeepsie that might otherwise remain abandoned and blighted. HRH’s program targets the highest need areas in the City of Poughkeepsie. HRH is in contract to purchase 10 bank-owned properties, for a total of 17 units. All properties rehabbed will incorporate a sustainable, energy efficient approach, which will further ensure long term affordability. The project will utilize Energy Star appliances, light fixtures and heating systems, or the equivalent; water conserving fixtures; and an energy conserving temperature control system. All floor coverings will be Green Label Certified or from a renewable resource like bamboo or cork. The use of these and many other green building methods and materials will result in a building that is economical, energy efficient and environmentally friendly. Once rehabbed, properties will be available as affordable units for sale to low and moderate-income first time homebuyers or as affordable rentals.

The Cooperage (former Poughkeepsie Underwear Factory)

The Cooperage, located at 8 North Cherry Street, is a three story vacant brick mill building listed on the National Register. HRH plans to construct 22 residential rental units within the existing 26,000 SF structure. Over the last four years, this area of Main Street has witnessed some private and public investment, and is the target area of our successful Middle Main Revitalization initiative. However, the area is still fragile. HRH believes that introducing a mix of incomes will help establish this section of the Main Street corridor as an economic environment that encourages additional investment. At least half of the units would be affordable to households at 50-60% of area median income. The remaining units could range from affordable at 60% of AMI up to market rate. HRH supports the concept of mixed income neighborhoods and multifamily buildings as an essential ingredient in building strong social networks when rebuilding challenged neighborhoods. This is truly a neighborhood rebuilding process. Numerous buildings have been left vacant and neglected over the preceding thirty plus years. Parts of the adjoining Main Street block have been demolished and never rebuilt. The difficulties facing redevelopment, however, are balanced by the reinvestment that has begun along with development opportunities on vacant or neglected properties.

55 Garden Street, Poughkeepsie

Garden Street is the last project to be undertaken as part of our Anchor-Based Neighborhood Revitalization initiative (ABNR). This initiative brought new life a two-square block neighborhood in the City of Poughkeepsie. Once a neglected, crime-ridden area, this neighborhood has been transformed through the rehabilitation and new construction of 40 apartments, 19 homeowner units, and four commercial spaces. 55 Garden Street, a vacant, blighted building, will be torn down and replaced with a historically appropriate building housing five apartments. Two of these apartments will be fully handicapped accessible.

Dubois Circle (Poughkeepsie Homeownership Assistance Program II)

Dubois Circle is the second phase of our latest homeowner housing development program. This project will create six single-family homes on Dubois Avenue for sale to first-time homebuyers. Homes will be available for sale through our NeighborWorks HomeOwnership Center of Dutchess County.

7 Fish Street, Millerton

7 Fish Street is an existing building with 4 one bedroom apartments targeted to households under 50% of area median income. HRH will be undertaking renovations to the property and continue operating it as affordable rental housing.

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Housing Development