44°
The home, located at 122 Nelson Ave., is believed to have been built between 1838 and 1901. It is one of 12 attainable homes renovated as part of Westchester County’s Neighborhood Stabilization Program. A new first-time home buyer who would otherwise not have been able to afford to live in Westchester or own a home will move into the house later this month.
Community Capital New York’s Executive Director Kim Jacobs said that despite easy access to New York City and its vibrant job market, Westchester is losing its workforce due to the high cost of homeownership.
“Young people are unable to return to the communities where they grew up because they can’t afford housing as entry level workers,” Jacobs said. “Retirees who are now in a position to give back find they can’t afford to live enjoyable lives here. Nurses, police and firefighters are forced into long, protracted commutes."
This Peekskill home is one of 12 homes rehabbed as part of the New York State Neighborhood Stabilization Program, made available under the Housing and Economic Recovery Act of 2008 to address the increased number of foreclosures around the country.
The county was awarded $6.68 million to purchase and redevelop vacant and abandoned homes, with an emphasis on two- to four-family buildings in areas with the highest risk of abandonment in Yonkers, Mount Vernon and Peekskill. The county is now moving into a second phase, with two new properties purchased for renovation -- another home in Peekskill and one in Tarrytown.
Click here to follow Daily Voice Peekskill and receive free news updates.
