RYE, N.Y. -- Westchester County's Industrial Development Agency has approved $12 million in tax-exempt bonds to renovate Rye Manor, County Executive Rob Astorino recently announced.
The project at the 100-unit senior-housing complex at 300 Theall Ave. in the city of Rye will create 75 construction jobs and utilize “green building” technologies to improve energy efficiency.
“Rye Manor’s $23 million plan will provide healthier and safer homes for Westchester seniors, preserve affordable housing for those who need it most, while at the same time we are doing our part to help the environment,” said Astorino in a prepared statement.
Construction will begin in November and the project is expected to take no more than a year, county officials said. The modernization will be made while the residents continue to live at the site so that no one will be forced to relocate or pay higher rent as a result of the project.
“We simply would not have been able to get this project moving without the IDA financing," said John Madeo, Rye Manor’s executive vice president, in a prepared statement. "We will now be able to help a lot of seniors live in healthy, safe and energy efficient homes.”
The project will replace the boiler, windows, and facade, as well as substantial electric work and upgrades. Some of the “green building” measures include:
- Replacement of light fixtures throughout the building, including all apartments, with Energy Star rated fixtures.
- Replacement of all existing sliding windows with new low-E, argon gas-filled, dual glazed, double-hung units.
- Replacement of the building’s main boilers with the efficiency, Energy Star rated equipment.
- Installation of a new Energy Star rated trash compactor
- Replacement of refrigerators and stoves in all apartments with new Energy Star rated appliances.
- Replacement of all roof-top kitchen and bathroom exhaust fans with Energy Star rated fans.
The development agency also recently approved a resolution to provide Marathon Development Group $12 million in tax-exempt bond financing to renovate a 99-unit affordable housing complex for families in White Plains. The total cost of this project is $17.3 million and also will utilize “green building” technology.