MOUNT VERNON, N.Y. – After months of waiting, Mount Vernon seniors can begin applying for affordable housing units at the Enclave on 5th, the mixed-use educational and housing development that broke ground last year on Fifth Avenue.
The 80,000-square-foot building, which has been vacant for decades, has been completely renovated. The ground and sub-level floors are being converted into the Westchester Community College Mount Vernon Extension Campus, while the higher floors will be affordable housing for seniors older than 55 years old.
Monthly rent will vary, depending on the size and income of the applicants. Among the 39 units available are four studio apartments for $710 per month, while one-bedroom apartments will range from $757 to $1,147 each month.
According to Sam Mermelstein, whose company, Enclave Equities, is overseeing the redevelopment, applications – which can be found at the location and at City Hall – must be mailed no later than Friday, June 6 to Enclave on 5th c/o the Wavecrest Management Team at 87-14 116th St., Richmond Hill, N.Y. 11418.
Mermelstein noted that applications will be selected in a lottery, and anyone that submits more than one application will forfeit their opportunity at renting an apartment.
“It took us some time to get state approval for the applications, but now they’re finalized and at City Hall,” he said. “We got more than 600 calls when the project was announced, so they will have about a month to get the applications in.”
Funding for the Enclave on 5th was provided by public and private benefactors. Towns’ organization provided $5.22 million in bond financing and nearly $400,000 in Low Income Tax Credits.
Westchester Community College will move from its current location on Gramatan Avenue to the 5,000-square-foot location on the ground floor of the Enclave. The new campus will include ten renovated classrooms, a lecture hall and academic support center.
“We are very excited about this project,” Michael Goldberg, the CEO of Enclave Equities, said. “We believe that the state of the art building will have a long lasting impact on Mount Vernon’s centrally located 5th Avenue corridor.”
Mount Vernon Mayor Ernest Davis said this is just one of several Mount Vernon projects that residents can look forward to in the coming months and years.
“We’re excited that Westchester Community College has chosen to invest in Mount Vernon,” he said when the project was announced. “They bring a partnership of private and public resources that will improve the area and meet the needs of the community.”
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