Blighted city block blossoms.A blighted city block that was once considered the worst residential street in Poughkeepsie is now a welcoming family neighborhood of beautifully renovated Victorian homes. This remarkable transformation is the result of a public-private partnership Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. of state, county and city agencies working together with Hudson River Hudson River River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629. Housing Inc., a private developer and the Community Preservation Corporation. Officials met last week at 59-75 Garden St. to celebrate the completion of Phase I and Phase II of the Garden Street Revitalization Project, a $6.4 million redevelopment project in the Northside section of Poughkeepsie. Phase I included larger rental properties, while Phase II was concentrated on providing home ownership opportunities, with a total of 10 vacant buildings being renovated on the block. In the $3.7 million first phase of the project, Hudson River Housing partnered with developer Ken Kearney to completely rehabilitate three vacant buildings into 25 affordable rental units and one commercial space. The second phase involved the $2.2 million rehabilitation of historic Queen Anne Row Rowhouses into seven two-family homes. Six first-time homebuyers have taken ownership of these lovely renovated homes. Financing for this project involved a host of state, county and city agencies, as well as private lenders and not-for-profit organizations. NYS 1. Is not. See Nis. DHCR DHCR Division of Housing and Community Renewal provided approximately $2.5 million in Low Income Housing Tax Credits and approximately $1.1 million in grants. CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. provided a $720,000 construction loan for the project. Additional funding included $679,400 in HOME funds from Dutchess County and the City of Poughkeepsie; $120,000 in Federal Home Loan Bank funds; a $350,000 grant from the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Affordable Housing Corp; a $645,000 loan from the Enterprise Social Investment Corporation; and a $300,000 loan from Hudson United Bank. The circa 1885 Queen Anne Victorian homes, which are the signature of the Garden Street block, feature mansard roofs with decorative half timbered tim·bered adj. 1. Covered with trees; wooded. 2. Made of or framed by timbers, especially exposed timbers. Adj. 1. gables, cutaway bay windows, shingled second stories, and entry porches with extensive millwork, beveled glass door lites and stained glass transoms. The architect for the project is Liscum, McCormack and VanVoorhis. Roy Johnson, a local Poughkeepsie contractor, is the project contractor. |
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