$2.4M will help Newburgh apartment project

April launch is planned for 74 units

Published: 2:00 AM - 12/30/13

CITY OF NEWBURGH A Newburgh project that will provide work force housing and homes for the developmentally disabled was one of 10 statewide awarded a share of $23 million in state aid announced recently by Gov. Andrew Cuomo.

Independence Square, a three-story apartment building, will be built on land at 11 Washington Terrace in the city.

The site is owned by Independent Living Inc., whose Newburgh location is next door.

There will be 14 units for developmentally disabled tenants, with the other 60 for work force housing.

Construction is expected to begin in April.

One of the qualifications for the aid was that it go to projects that were shovel-ready.

The Newburgh project is expected to pump a total of about $16.8 million into the local economy during its construction.

It will be getting $2.4 million from New York state $1 million from the Housing Trust Fund and $1.4 million in low-income housing tax credits.

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$2.4M will help Newburgh apartment project