White Plains CitizeNetReporter - Housing Authority to Float $8 Million in Bonds for Armory Plaza SeniorApts Reno

WPCNR CITY CIRCUIT. By John F. Bailey. December 5, 2007: The White Plains Housing Authority is planning to issue $8 Million in municipal bonds for an extensive renovation of the Armory Plaza Senior Center and apartments. A public hearing on the proposed bond issue will be held December 18 at the Planning Board at 7 PM. The bonds will be used according to a legal notice for “renovation of the Residential Units and the Senior Center.”

Related Apartment Preservation of New York, the owners of the 52-unit complex, for which the City of White Plains pays $264,000 a year to rent the space (in a deal just agreed to in October, 2006), will use the bonds to pay for the alterations, according to Mack Carter, Executive Director of the White Plains Housing Authority. It is not clear at this time when the renovations are planned, what it involved and whether seniors would have to be temporarily relocated from the building. WPCNR has contacted the city and the Related Apartment Preservation press office for details. The Related Apartment Preservation organization signed an agreement with the city in October of 2006 where the city pays $264,000 annually to rent the senior center until 2015, with 2% increase in 2016 to $269,280) through 2026, and to 2036 if the 10 year extension is agreed upon. At the time this rent was agreed to, there was no mention that the apartments or the senior center needed any renovations or was in any way, inadequate.


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