- 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
- Bond Amount: $7,200,000
- Supplemental Project Information (PDF)
- Applicant Information: Stuhr Gardens LLC, 700 White Plains Road, Suite 363, Scarsdale, New York 10583
Summary
The City of Peekskill Industrial Development Agency approved an Application for Financial Assistance and in 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.