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Mid-Hudson REDC, Warwick Properties, and Occupations Inc. Announce Opening of Sunrise Gardens Apartments in Middletown

(October 09, 2013)

Mid-Hudson REDC, Warwick Properties, and Occupations Inc. Announce Opening of Sunrise Gardens Apartments in Middletown

The Mid-Hudson Regional Economic Development Council (MHREDC), Warwick Properties Inc., and Occupations Inc. today announced the official opening of Sunrise Gardens Apartments in Middletown, Orange County. The 78-unit affordable housing development for people with disabilities is officially opening on the strength of $1.366 million in awards received as part of Governor Andrew M. Cuomo’s Regional Council initiative.

“One of the Mid-Hudson Regional Economic Development Council’s goals is to revitalize the Mid-Hudson’s housing supply to meet the needs of our growing region,” said Mid-Hudson Regional Council Co-Chairs Dennis Murray, Ph. D., President, Marist College and Leonard S. Schleifer, M.D., Ph. D., Founder, President and CEO, Regeneron Pharmaceuticals. “That is why we are proud to partner with New York State Homes and Community Renewal in making this 78 unit construction project by Occupations, Inc. and Warwick Properties a reality. This project not only offers affordable housing for people with disabilities in Orange County, but also provides them with the tools they need to support themselves and their families.”

Darryl C. Towns Commissioner/CEO of New York State Homes and Community Renewal (HCR) said, “Sunrise Gardens Apartments offers fully accessible, affordable homes that will make it easier for people with disabilities to be part of their communities. Governor Andrew Cuomo's Mid-Hudson Regional Economic Development Council is working with Warwick Properties and Occupations Inc. to meet the need for affordable, supportive housing in Orange County and provide residents with the tools they need to live independently. HCR is proud to work with Occupations Inc. and Warwick properties to open doors for people and provide not just quality homes, but opportunities for a brighter future.”

On-site support services will be provided by Occupations, Inc. and will include habilitation or rehabilitation to assist with community living, case management, and coordination of services. Sunrise Gardens features broadband internet service, outdoor patio space, a computer lab, and Energy Star appliances.

Jonah Mandelbaum, President of Warwick Properties said, “Warwick Properties is happy to implement Sunrise Gardens Apartments as it pertains to residents from newborns to 100 years old. Sunrise is part of intergenerational building projects bringing younger and older generations together while providing much needed affordable housing support for people with special needs.”

James B. DeStefano, President of Occupations, Inc., said, “We are so very proud of this successful partnership between State Government, County Government, local Town Government, private equity financing, private developer Jonah Mandelbaum, and a local not-for-profit, Occupations, Inc. Together we have delivered wonderful, accessible, affordable apartments that are desperately needed in our community for the workforce and for people with special needs. Congratulations to all. “

Amy Anderson-Winchell, LCSW, Chief Executive Officer of Occupations, Inc., said, “Sunrise Gardens is uniquely positioned to allow people with economic challenges to have a wonderful place to live, and for those who have a range of unique special needs it is also positioned to support access to the services already available in NYS to sustain not only this independence but support a plan for health and happiness. It is not easy to make a great life with economic challenges and when this includes managing special needs it can be difficult. This project is real support that creates hope and opportunity. We are deeply grateful for it and thank the many leaders and partners who have made this beautiful housing available to people of this community.”

In 2011, Governor Cuomo redefined the State’s approach to economic development by establishing 10 Regional Economic Development Councils (REDC) across the State. The REDC and Consolidated Funding Application (CFA) process have transformed economic development in New York State, creating a statewide framework for bottom-up regional economic growth. As part of the first round process, Sunrise Gardens Apartments was awarded $1.366 million from New York State Homes and Community Renewal.

Sunrise Gardens Apartment complex, managed by Devon Management, offers one, two and several three bedroom apartments with rents based upon the income level of those who will qualify. Warwick Properties and Devon Management is a highly respected builder and management group for senior citizen housing with over 25 years of experience. Occupations, Inc., a not-for-profit organization celebrating their 50th year in service, provides a variety of services to children, families and adults in eight counties in the Hudson Valley.

Funding Partners

Funding partners for this project include New York State Homes and Community Renewal, the New York State Energy Research and Development Authority (NYSERDA), Raymond James Tax Credit Funds, Inc., Community Preservation Corporation (CPC), New York State Pension Funds and Orange County HOME Program.

NYSERDA provided funding for the Sunrise Garden Apartments project through its Low-rise Residential New Construction Program, and because of the energy efficiency measures that are being incorporated, the dwellings will be designated as New York ENERGY STAR Certified Homes. Measures installed will include enhanced insulation and air sealing; high-efficiency heating, ventilation, and cooling systems; as well as energy-efficient lighting systems and appliances.

“NYSERDA is very pleased to support the Sunrise Garden Apartments project as it provides residents with highly energy-efficient affordable housing,” said John B. Rhodes, President and CEO, NYSERDA. “The Sunrise Garden Apartments project, which supports Governor Cuomo’s commitment to incorporating energy-efficiency in residential dwellings, will offer its residents a healthier and more comfortable environment while reducing long-term operating costs and utility costs.”

To support Sunrise Apartments, CPC provided a $7.95 million first mortgage construction loan and a permanent loan through the NYS Common Retirement Fund of $2.336 million, which is 100% insured by SONYMA.

Thomas P. DiNapoli, New York State Comptroller said, “This loan to Sunrise Garden Apartments is a win for Middletown families and it’s a win for the New York State Common Retirement Fund. The Fund’s long-standing partnership with the Community Preservation Corporation provides risk-adjusted returns for the Fund and increases affordable housing options in New York communities.”

“With Sunrise Apartments and the supportive services that the adjacent Occupations, Inc. provides, 78 families and individuals with developmental and physical disabilities can now enjoy stable, independent, and productive lives,” said Doug Olcott, Senior VP & Hudson Valley Regional Director of The Community Preservation Corporation. “Thanks to the public-private partnership of Jonah Mandelbaum, Occupations, Inc., New York State, Orange County Trust and Walden Savings Bank, the Wallkill community now has much needed affordable housing and supportive services to assist families with special needs.”

Darryl Seavey, Managing Director of Raymond James Tax Credit Fund said, "Raymond James Tax Credit Funds is very proud to have participated in the development of Sunrise Gardens. Through the extraordinary efforts and dedication of Jonah Mandelbaum, Amy Anderson-Winchell, James Destefano and the Occupations Inc team, this project represents a new landscape on how quality affordable housing and supportive services should be provided in our communities. The new homes will provide clean, safe affordable housing to deserving members of the community for many years to come. Congratulations on a job well done."

Rich Mayfield, Community Development Director, Orange County said, “This is a great partnership between Occupations, Warwick Properties and Community Development and will be of tremendous service to the residents of our County.”

About the New York State Regional Economic Development Council Initiative

The Regional Economic Development Council initiative is a key component of Governor Andrew M. Cuomo’s transformative approach to State investment and economic development. The Councils are public-private partnerships composed of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom up approach and establishing a competitive process for State resources. As a result of the first two rounds of awards, $1.5 billion in resources have been awarded to support more than 1,400 regionally significant economic development and community revitalization projects that are creating or helping to retain an estimated 75,000 jobs across the Empire State and generating investments to grow the economy.