A for-profit affordable-housing developer from Larchmont today upped his bid to win the lease for Westchester County’s WestHELP apartments, which Greenburgh Town Supervisor Paul Feiner says the town intends to rent.
In a letter to Feiner, which was obtained by Tax Watch, Dale Kauftiel, principal of HarborView Properties of Larchmont pledges to pay Greenburgh $375,000 annually for the right to manage and rent the complex. Kauftiel said the company would give the town a deposit for that amount once its offer was accepted.
Kauftiel was among five affordable-housing developers that bid on the project. When those proposals were opened last fall, $360,000 was the highest amount offered. HarborView would also provide a free shuttle bus for its tenants to take them to the Route 119 shopping district and the Westchester Community College.
“In lieu of the fact that the property has been sitting dormant for such an extended period, an offer such as ours which is not subject to any municipal funding, third-party financing etc. means that the property can be returned to service in the shortest period of time,” he wrote.
Feiner said on Friday he wants the Town Board to decide this week who will win the WestHELP lease. The board meeting Tuesday morning.
HarborView’s proposal calls for leasing the efficiency apartments to tenants with earnings that are 60 percent or less of the average median household income for Westchester County – $45,360 for a single person, and $51,840 for a two-person household. A significant number of apartments will be reserved for tenants 65 years of age or older.