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ACT-Amend IMDA-178 Warburton Avenue & 160 Cottage Gardens, Yonkers
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AN ACT authorizing the County of Westchester to enter into an amendment to an Inter-Municipal Developer Agreement with the City of Yonkers, 178 Warburton Limited Partnership and CPG Phase VI Limited Partnership, its successors or assigns, in order to amend the affordability requirements of ninety-two (92) of the Affordable AFFH Units so that these units will be available exclusively for seniors aged sixty-two (62) and older with incomes between 30% and 60% of the Westchester County area median income instead of households with incomes at or below 30% and up to 90% of AMI and to ratify the IMDA to include the Municipal Housing Authority for the City of Yonkers as a signatory.
SUBMITTED BY COMMITTEES ON BUDGET & APPROPRIATIONS AND HOUSING & PLANNING