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Affordable Housing Opening Next Week In Ossining

An affordable housing apartment complex on State Street and Academy Place in Ossining is set to open to residents next week.
An affordable housing apartment complex on State Street and Academy Place in Ossining is set to open to residents next week. Photo Credit: Nathan Bruttell

OSSINING, N.Y. – Several hundred people in Ossining applied for apartments in a 50-unit affordable housing complex opening next week.

Red Lion Apartments, at State Street and Academy Place, spent several years in development. Mayor William Hanauer said he was happy to see the project come to fruition after first hearing about it more than five years ago.

"I am very excited that it's going to happen and that it's happening now," Hanauer said. "This project was originally planned before we passed the law requiring affordable housing. Even though we have a significant amount of affordable housing in the village, we needed to make sure we weren't going to run out."

Hanauer noted that employment in the village is rebounding and more affordable housing projects are in the works.

"Even if people are re-employed, it might not be what they used to earn, so here you have 50 units of brand new affordable homes. I think people were very excited about that," he said. "On top of that, the village is getting its reputation back as a wonderful place to live, so I think people are looking to come here and stay here."

Wavecrest Management Team Ltd. , based in the Richmond Hill neighborhood in Queens, helped develop and manage the project. Receiving hundreds of applicants was a clear sign that the building was needed in Ossining, said Avi Slansky, senior vice president of Wavecrest.

"It means there is a need for something and there was a big interest in the community," Slansky said. "It was a building that was given a lot of thought, and the owners wanted to build it and make it appealing for the tenants, and I think that drew a lot of interest. It's a beautiful building with a lot of work put into it."

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