Maple House Apartments

On September 29, 2017 Maple House Renewal LLC acquired Maple House Apartments from Maple House Associates, L.P (the  “Seller”). In conjunction with the acquisition, the Owner elected to complete a low‐income housing tax credit (“LIHTC”)  redevelopment. The financing sources used to the complete the acquisition rehab includes 4% LIHTCs allocated by the New York  State Housing Finance Agency (“NYSHFA”) acquired by Wells Fargo Affordable Housing Community Development Corporation, tax‐  exempt bonds issued by the County of Westchester Industrial Development Agency (“COWIDA”), and a permanent mortgage loan  from Greystone Servicing Corporation, Inc. (“Greystone”). Overall, these funding sources will complete a recapitalization of the  Property and allow for approximately $2.91MM of redevelopment hard costs. 

Summary Rehab: Scope of Work

Building Envelope

• Re‐caulk aluminum windows and storefront at lobby level
• Install new aluminum storefront and entry systems

Common Areas

• Provide ADA‐compliant signage; new carpet, wall base and paint in  corridors; lobby level reconfiguration; modernize elevators

Mechanical, Engineering, & Plumbing

• New AC for lobby; replace hot water boilers and ventilator exhaust  shafts; Install building wide Wi‐Fi; install new metering systems

Site and Parking Lot

• New plantings in existing planter boxes along street and at perimeter
• Hardscape improvements and replace existing exterior lighting at  parking lot, patios and wall mounted exterior lights Building Envelope

Dwelling Units

• Install microwaves, repair ceiling/walls, and floorin