Westchester County, NY — Governor Kathy Hochul and New York State Homes and Community Renewal today announced the ribbon cutting of One Dromore Apartments, a 45-unit affordable housing development in Scarsdale, Westchester County. The new, all-electric $25 million development offers quality, affordable homes close to schools, shopping, employment hubs, and public transportation. Over the past five years, New York State Homes and Community Renewal has financed more than 5,000 affordable homes in Westchester. One Dromore Apartments continues this effort and complements Governor Hochul’s $25 billion five-year Housing Plan, which is on track to create or preserve 100,000 affordable homes statewide.
“One Dromore Apartments will bring the type of affordable housing that families in Westchester County deserve,” said Governor Hochul. “By investing in sustainable, energy-efficient homes in strong, thriving communities, we are addressing the affordable housing crisis while simultaneously lowering utility costs and improving the climate. This development will provide safe, high-quality homes for working families in one of Westchester’s most attractive communities.”
Developed by WBP Development LLC., One Dromore is affordable to residents earning between 40 and 80 percent of the Area Median Income. The three-story, all-electric residential building is in the Edgemont School District and close to restaurants, shopping, health services, and the Westchester County Bee-Line Bus.
Key features include an emphasis on sustainability, with an all-electric design to reduce energy consumption and environmental impact. A photovoltaic solar array system on the roof will harness solar energy, while electric vehicle charging stations are available to accommodate the growing use of electric cars. These state-of-the art sustainability features will reduce utility costs for residents while contributing to the state’s sustainability targets.
The project is supported by HCR through $12.7 million in Low-Income Housing Tax Credit equity. Additional funding includes $4.9 million from the New York State Housing Trust Fund, $3.8 million from Westchester County’s New Homes Land Acquisition program, and $568,700 from the county’s HOME program. Sustainability-focused financing includes $335,000 in geothermal equity, and $115,000 in solar equity. The Community Preservation Corporation and JP Morgan Chase participated in an $18 million construction loan.
The development also benefits from $562,500 in Clean Energy Initiative, a partnership between HCR and NYSERDA that aligns the development and preservation of affordable housing with the Climate Leadership and Community Protection Act’s ambitious goal of 85% greenhouse gas emissions reduction by 2050.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “One Dromore Apartments will provide high-quality, affordable housing in a community with access to transportation, retail, and a range of services that individuals and families rely on every day. This development reflects our ongoing commitment to providing more affordable housing options and creating vibrant, sustainable communities for all New Yorkers.”
Doreen M. Harris, President and CEO, NYSERDA said, “I am thrilled to see Dromore Apartments break ground in Scarsdale. This development underscores how the latest energy efficient building practices, such as all-electric design, can be implemented to create clean, affordable living in communities across New York State.”
Senator Andrea Stewart-Cousins said, “One Dromore, located in the Edgemont section of my district, sets a new standard for sustainable, affordable housing in Westchester. This cutting-edge development, with its green roof, solar panels, and geothermal system, will not only reduce energy costs for residents but also contribute to our state’s climate goals. Through the Clean Energy Initiative, a partnership between HCR and NYSERDA, this project aligns with the Climate Leadership and Community Protection Act. Under my leadership, the State Senate remains committed to securing critical funding for affordable developments, ensuring that we continue to build a greener, more affordable future for all New Yorkers.”
Assemblymember Amy Paulin said, “Congratulations to the One Dromore Road team on the grand opening of a terrific development. Not only does One Dromore provide much-needed additional housing for our area, but as a Passive House building that incorporates geothermal, solar, and a green roof, it is a model building for new construction in our community.”
Westchester County Executive Ken Jenkins said, “Westchester County was proud to allocate significant HOME funds for One Dromore in Scarsdale, a newly constructed four-story building that will provide 45 units of housing to our residents. One Dromore was designed to utilize 100% electric building benefits, all of which will significantly reduce energy costs and have a positive impact on our environment. We look forward to introducing more developments like this one in Westchester, and thank Governor Hochul for her commitment to creating clean, affordable opportunities across the County.”
Greenburgh Town Supervisor Paul Feiner said, “The new affordable housing on Dromore Road is spectacular. Located within walking distance of the Greenburgh Nature Center – the apartments are near shops and restaurants and supermarkets on Central Ave. Close to the Scarsdale train station and bus stops. I enjoyed the tour of the building–loved the green roof, gym and all the amenities. The affordable housing development provides the tenants with the highest quality of life possible and will make many families smile. The town will do whatever we can to make residents feel welcome and appreciated.”
William Balter, President of WBP Development LLC said, “One Dromore is one of the most sought-after developments WBP has completed over the last 30 years, as evidenced by the 5,500 applications we received for 45 apartments. Adjacent to the Greenburgh Nature Center, great schools, abundant shopping and transportation, Dromore is wonderfully located. As a 100% electric, Passive Home development with a very tight building envelope, geothermal HVAC and hot water, and with a large roof-top solar array, Dromore is remarkably energy efficient, resulting in a very small environmental footprint. We are very proud of our newest affordable community and thankful to HCR, Westchester County, the town of Greenburgh, and all of our other partners.”
Michael Kroog, Vice President and Mortgage Officer, The Community Preservation Corporation said, “At a time when cities across New York are working to address our affordable housing crisis, CPC is proud to join with Wilder Balter and our partners in state government to bring a new resource of energy efficient, affordable housing to the Greenburgh community. My thanks to our funding partners at JP Morgan Chase, to Wilder Balter Partners, NYS Homes and Community Renewal, NYSERDA, and Westchester County for their commitment to creating a more affordable New York for everyone.”
Governor Hochul is committed to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives for Upstate communities, new incentives and relief from certain state-imposed restrictions to create more housing in New York City, a $500 million capital fund to build up to 15,000 new homes on state-owned property, an additional $600 million in funding to support a variety of housing developments statewide and new protections for renters and homeowners. In addition, as part of the FY23 Enacted Budget, the Governor announced a five-year, $25 billion Housing Plan to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 55,000 homes have been created or preserved to date.
The FY25 Enacted Budget also strengthened the Pro-Housing Community Program which the Governor launched in 2023. Pro Housing Certification is now a requirement for localities to access up to $650 million in discretionary funding. Currently, 277 communities have been certified.
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About The Community Preservation Corporation (CPC)
CPC is a nonprofit, multifamily finance company that was founded in 1974 to provide financial and technical resources to stabilize and revitalize underserved communities. Today, CPC uses its unique expertise in housing finance and public policy to expand access to affordable and workforce housing, advance diversity and equity within the development industry, and expand investment in the green economy and lessen the impact of climate change. Since its founding, CPC has invested over $15 billion to finance the creation and preservation of more than 230,000 units of housing. The company provides a suite of construction and permanent products including Freddie Mac, Fannie Mae and FHA mortgages, and is an equity investor with approximately 4,200 affordable units under ownership. CPC is a carbon-neutral company and maintains AA- S&P rating. Visit CPC at communityp.com, and on Facebook, Twitter and LinkedIn.