Project: Stuhr Gardens, 121 Vail Avenue, Peekskill, New York 10566

Project Type: Affordable Housing

Financial Assistance: tax-exempt revenue bond financing, PILOT agreement, sales tax exemption and NYS mortgage recording tax exemption

Total Project Amount: $10,166,400.00
Bond Amount: $7,200,000.00

Applicant Information: Stuhr Gardens LLC, 700 White Plains Road, Suite 363, Scarsdale, New York 10583

The City of Peekskill Industrial Development Agency approved an Application for Financinal Assistance and during May 2007 closed on the $7.2 million tax-exempt revenue bond issue with the project applicant. The project consists of the purchase and rehabilitation of the Stuhr Gardens affordable housing complex; a 104 unit affordable housing complex located on Vail Avenue in Peekskill. The project is complete.