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Development Projects

Schoolhouse Terrace Development

schoolhouse terraceThe redevelopment of the Public School 6 (PS6) site is a collaborative effort between The Community Builders, Inc. and the Municipal Housing Authority for the City of Yonkers (MHACY) to address the blighting influence of an abandoned school building in Yonkers, New York. The project, once completed, will continue the City’s and the MHACY’s joint investment in the Ashburton corridor and create a new mixed-income community for families and seniors in Yonkers, New York.

Schoolhouse Terrace will comprise two new mixed-income residential buildings affordable to families and seniors. PS6 sits on a site slightly more than one acre in size previously owned by the City of Yonkers. The old school building is suffering from major structural damage necessitating its demolition, but the school’s original archway will be preserved and integrated into the design of two new, mixed-income residential buildings to supplant it: one a 51-unit elderly building, the other a 70-unit family building. The two buildings will re-invigorate pedestrian activity along Ashburton Avenue by providing new community spaces at the ground floor, landscaped terraces, street trees, public benches, new lighting and finished sidewalks creating an attractive urban environment.

The buildings will sit atop two underground parking garages to accommodate resident needs. Designs include a number of windows to maximize natural light and views; the site’s location makes the project’s design a logical choice, as upon completion, the buildings will feature fantastic views of the Palisades and the Hudson River. Each building is designed to achieve LEED® certification with a strong focus on energy efficiency and innovative green design elements, including green roofing.

Additional Project Facts:

  • Number of Units: Of the total 121 apartments, nine one-bedroom, 28 two-bedroom, and 29 three-bedroom units
  • Amount of Community Space: 2,400 square feet
  • Income Mix: Of the total 66 apartments, 31 for residents earning under 30 percent of area median income (AMI), 33 units for those earning under 50 percent AMI, and 2 for residents earning under 60 percent AMI.
  • Developer: The Community Builders, Inc., and MHACY
  • Financial Participants: New York State Homes and Community Renewal (“NYS HCR”), City of Yonkers CDBG and HOME funds, TCB NSP II funds, MHACY, RBC Capital and Bank of New
  • York, M&T Bank, Federal Home Loan Bank of New York, New York State Energy Research Development Authority (“NYSERDA”), New York State Tax Credits and Brownfields funds, United States Department of Housing and Urban Development (“HUD”).
  • Type of Construction: Demolition of former school to be followed by new construction of a mid-rise and high-rise designed to meet LEED® certification.
  • Total Development Cost: $58 million including almost $2 million for demolition of school.