County Executive Robert P. Astorino was joined by County Legislator John Testa, officials from Peekskill and others at a ribbon-cutting ceremony Wednesday, Sept. 22 to celebrate the opening of a complex with 43 rental units of fair and affordable housing for seniors.
The event was hosted by the developer, Conifer Realty, LLC., at the site of the building, The River Pointe at Drum Hill, 100 Ringgold St.
The $14 million building has 37 one-bedroom apartments and six two-bedroom units. Seven apartments are reserved for the frail elderly, who will receive services from Hudson River Health Care. There is also an onsite community room, a computer room and a room in which a geriatric physician can tend to seniors' health issues. 
The apartments will remain "affordable" – below market pricing – for a minimum of 50 years.
The apartments will go to senior citizen households with incomes up to 60 percent of the county's Area Median Income. This is currently $50,280 for a household of two. The rent will be about $800 per month for the one-bedroom apartments and $900 for the two-bedrooms. For rental information, contact Jeanette Phillips or Karen Gordon at The Preservation Company, (914) 734-8928.
"Apartments such as this benefit our county in several ways," said Astorino. "First the construction created 122 jobs over 18 months. And now we have this outstanding building to show for it. We all know that Westchester is an expensive place to live, and these apartments provide an affordable option to some seniors who couldn't otherwise stay here. This could not have been accomplished without the cooperation of public and private sectors."
Testa, who represents Peekskill, said, "I'm gratified to see River Pointe at Drum Hill open. The expansion of affordable senior housing was an important priority to me when I was mayor of Peekskill, and it's even more critical today. Conifer's commitment to expanding the housing choices of our city's seniors and strengthening 'the continuum of care' concept that the Drum Hill complex represents is a model all of Westchester County can look to."
Local, state, federal, nonprofit and private sources funded the housing. The county provided $860,000 of HOME funds for part of the construction and $1,310,800 from its Housing Implementation Fund for infrastructure improvements. Additional funding was provided by the New York State Division of Housing and Community Renewal, $7,865,000; the Federal Home Loan Bank, $344,000; the First Niagara Bank, $1,750,000; New York State Energy Research and Development Authority, $100,000; the New York State Housing Trust Fund, $1,725,000; and an equity contribution from Conifer Realty, LLC., $484,500.