PEEKSKILL, NY – December 16, 2013 – Community Housing Innovations, Inc. (CHI) is renovating two 113-year-old adjacent buildings in Peekskill’s Waterfront District thanks to a $150,000 New York State economic development grant. CHI will use the funds, plus $50,000 in matching funds from the agency, to renovate 400 – 404 South Street, which includes 11 affordable rental apartments and one street-level commercial space.
“Our goal is restore the exterior to original early-20th century splendor and preserve much-needed affordable housing in a waterfront neighborhood that is critical to Peekskill’s revitalization,” said Alexander Roberts, Executive Director of CHI.
Peekskill’s Waterfront District is a neighborhood in transition that has benefitted from public and private investment in recent years. It is considered an important neighborhood in the City of Peekskill’s overall economic development plan because it serves as a public access point to the Hudson River and hosts a Metro North railroad station.
“The preservation of housing is essential to the survival of those established and new businesses that operate in the Waterfront District, and to stimulate additional private investment,” Roberts added.
The restoration project will include much-needed masonry improvements on the exterior. The exterior will then be repainted in a palate of colors reflective of the buildings’ historic past. Awnings will be replaced and a porch on one side will be rebuilt and painted. Local architect Chris Borchardt, whose firm is located across the street in the historic Standard House, is working with CHI on the project plans.
Community Housing Innovations, Inc., a White Plains-based nonprofit organization, provides the housing and human services that enable low- and moderate-income families and individuals to achieve the greatest social and economic independence at the lowest cost to society.