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Hudson River Housing seeks $1.45M DRI for mixed-income housing at 488 Main Street; HCR application pending
Summary
Hudson River Housing described a $37.8 million mixed-income housing and ground-floor commercial proposal at 488 Main Street and requested $1,450,000 in DRI funds; the nonprofit said it already has site control, letters of intent for large construction and permanent loans, and a pending HCR application with announcements expected in February.
Mary Lang, vice president of real estate development at Hudson River Housing (HRH), presented a proposal to the Local Planning Committee for a mixed-income housing project with ground-floor commercial space at 488 Main Street and requested $1,450,000 in DRI funding toward a $37.8 million budget.
Lang said the development would include 5,082 square feet of commercial frontage on Main Street and residential frontage on Cannon Street; the project sponsor is Windows on Main HDFC, a wholly owned subsidiary of Hudson River Housing, and HRH currently holds…
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