By Eden Laikin
Nassau County Executive Ed Mangano joined with local and town leaders this week to cut the ribbon on a brand-new, affordable 36-unit rental apartment complex in New Cassel – the culmination of a 10-year plan to revitalize the once underserved community.
Mangano said the Cathedral Place Apartments, centrally located on Prospect Avenue in the town of North Hempstead, is yet another successful public private partnership – involving Community Development Corporation of Long Island (CDCLI) and partner Conifer Realty, LLC.
The 36-unit development was awarded $2.586 million from the Long Island Regional Economic Development Council (LIREDC), part of Governor Andrew Cuomo’s statewide economic development initiative.
On Oct 29, the one-year anniversary of superstorm Sandy, and one year since ground was broken on the apartment building, representatives from the various partners gathered at a ribbon cutting ceremony.
Various speakers spoke about the homes being an example of smart growth, proximity to a major thoroughfare and green energy-efficiency, and that the homes were specifically designed for “working families.”
National Grid gave a sizeable grant to the community for this project based on its part in revitalizing a community and its steps taken for sustainability.
Use of Natural gas in these units, as well as high energy efficiency equipment such as furnaces and thermostats, will save residents more than 60% on their home heating bills.
The units are available to families who earn 60% or less of the average monthly income.
CDC officials said County Executive Mangano and his administration have been an integral part of getting this project done. The County’s Housing and Community Development office provided significant HOME funds, and helped leverage state resources to bring the entire $2 million financing package together. “Without County leadership, we wouldn’t be here today.”
The three-story apartment complex was jointly initiated by the Town and the North Hempstead Community Development Agency.
The availability of these 36 units attracted 355 applicants whose names were randomly drawn and numbered in the order in which their applications will be evaluated.
The apartment complex offers such amenities as a fitness center and laundry facility, on-site management and leasing office, features a mix of 18 one-bedroom units, 14 two-bedroom units and 4 three-bedroom units.
“This project is especially important because it shows that when governments, on all levels, work together with each other and with the private sector and the local community we can increase the quality of life for all of our residents,” Mangano said. “The Cathedral Place Apartments are a great first step towards the revitalization of New Cassel and towards making housing more affordable in Nassau County.”
Mangano said his administration is also helping the private sector convert empty office buildings into 1,000 new affordable housing opportunities for young people in villages like Farmingdale, Mineola and Great Neck.
“Sandy highlighted the need for additional housing options in Nassau County,” he said. “This is yet another public-private partnership that will provide quality affordable housing options.”