Village of Haverstraw Celebrates Much-Needed Affordable Housing at Murphy Manor Apartments Ribbon Cutting Ceremony

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Murphy Manor

CPC & partners celebrated the completion of Murphy Manor Apartments, the first quality-built affordable housing for families in Haverstraw, NY.

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CPC's Sadie McKeown (far right) joined with partners to celebrate the completion of Murphy Manor in Haverstraw, NY

CPC, the Rockland Housing Action Coalition (RHAC) and invited guests joined Village, County and State officials on March 24th to celebrate the completion of Murphy Manor Apartments, the first quality-built affordable housing for families in Haverstraw, NY.

Located at 45 South Route 9W, the fully occupied Murphy Manor Apartments is comprised of 26 units with monthly rents ranging from $500 to $875. The building, which is within walking distance of New Main Street area shopping, includes a community room, laundry facilities and on-site parking. The apartments are available to all income eligible individuals who meet all program requirements.

Attendees of the ribbon-cutting ceremony included Haverstraw Mayor Michael Kohut; Rockland County Executive C. Scott Vanderhoef; Gregory Watson, Regional Director of New York State Homes and Community Renewal (HCR); Sadie McKeown, Hudson Valley Regional Director of CPC; and Gerri Levy, Executive Director of RHAC.    

During the ceremony, Kyla Jacinto, a Murphy Manor resident, spoke about how Murphy Manor has met the need for affordable housing in Haverstraw and how fortunate she was to have the opportunity to live in the complex.  She said that she hopes to see future similar developments in Haverstraw, as the need for affordable housing is desperately needed in this community.

The completion of Murphy Manor was made possible thanks to CPC's $3.87M construction loan in conjunction with a $520,000 Federal Home Loan Bank grant through Provident Bank, a $1,35M Housing Trust Funds (HTF)grant, and $619,425 in low-income tax credits (LIHTCs) from HCR. The Richman Group and TD Bank were among the investors in the tax credits. The tax credit equity was $4,367,500. Putnam County Savings Bank provided $2,87M of the construction loan. CPC also committed to a Pension Fund permanent loan, which is insured by SONYMA.  

Ginsburg Development Companies was the general contractor for the project as part of its commitment to Rockland County and Haverstraw to construct or renovate some 80 units of affordable housing at various locations in the village. The project architect was Magnusson Architecture and Planning PC.

Murphy Manor Apartments is part of other significant redevelopment efforts underway in Haverstraw including the adoption of an urban renewal plan, a waterfront revitalization plan and an affordable housing floating zone.  The complex will be managed by RHAC, a long-time CPC partner, which has more than 20 years of experience as a community housing development organization. CPC and RHAC have  collaborated on the development of more than half a dozen affordable housing projects, which surpass financing of $11.5 million to over 300 units in Rockland County communities such as Nyack, Clarkstown, Spring Valley and Haverstraw.