The New Rochelle Industrial Development Agency (IDA) and Community Development Board (CLD) convened on September 24, 2025, to discuss significant developments in the city, particularly focusing on affordable housing initiatives and the 438 Main Development LLC project.

The meeting commenced with a commendation for the developer's outreach to local building trades, emphasizing the importance of involving union workers in upcoming projects. A board member highlighted the necessity of partnerships between government and developers to facilitate affordable housing, noting the rising costs of construction materials. The discussion underscored the ongoing need for affordable housing, especially for seniors, and the board's commitment to fostering such developments in New Rochelle.

Following this, Katrina introduced the public hearing for the 438 Main Development LLC project, located at 438 Main Street. This hearing was conducted in accordance with New York General Municipal Law, with notifications published in the Journal News on September 12, 2025. Members of the public were invited to express their support or concerns regarding the project, with each speaker allotted three minutes.

Michael Yellin, a speaker in favor of the project, emphasized its alignment with the needs of city residents and praised the developer's initiative to engage with local building trades. He noted that this approach could create job opportunities and apprenticeships for New Rochelle residents, reinforcing the importance of local employment in construction.

The meeting concluded with a recognition of the progress made in affordable housing initiatives and a commitment to continue exploring further developments in the city. The discussions highlighted the collaborative efforts between the government and developers to address housing needs and support local employment.