YONKERS IDA VOTES TO MOVE FORWARD INCENTIVE PACKAGE FOR $52.4 MILLION AFFORDABLE HOUSING COMPLEX AT ABANDONED PS 6 SITE ON ASHBURTON AVE

Yonkers, NY – November 30, 2011 – (RealEstateRama) — Mayor Philip A. Amicone, Chairman of the Board of Yonkers Industrial Development Agency (IDA), announced that the board approved a resolution to move forward with a public hearing and to negotiate economic development package for a project that will transform the long-abandoned PS 6 school building and surrounding brownfield at 33 Ashburton Avenue into an affordable housing complex with two modern, environmentally-friendly, buildings. The complex will provide 50 units of senior housing and 70 units of family low-income housing units.