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RUPCO has a proven track record of success in development and restoration throughout Ulster County. Working closely with our local communities to address a variety of needs including rental and homeownership, job creation and economic development, RUPCO is dedicated to finding solutions to these issues affecting Ulster County. ACTIVE PROJECTS RESTORATION PROJECTS PORTFOLIO
Our excellence in community rehabilitation speaks for itself in the rehabilitation of the Stuyvesant Hotel, located in the heart of the historic stockade district, on the corners of Fair and John Streets in Kingston. The structure, which had been vacant for over ten years, was in severe disrepair. Acquired by RUPCO in 1991, the Stuyvesant Hotel was restored to its original grandeur in 1993, serving as a pioneer in the revitalization of the Fair Street neighborhood. The restored Stuyvesant Hotel won architectural awards from The American Institute of Architects Westchester/Mid-Hudson Chapter, First Honor Award, New York State Association of Architects/The American Institute of Architecture for design excellence, the 1993 Affordable Housing Award and has graced the covers of numerous community preservation publications since its restoration. The Stuyvesant Hotel currently houses the offices for Rural Ulster Preservation Company, Portobello Restaurant, and forty one bedroom units for senior and disabled adults.
Our Hasbrouck Avenue property, located in Kingston, was a vacant building, in desperate need of repair, when we acquired it 1998. We restored the property, bringing it back to its original architectural splendor. The restoration was completed in 2000 and provides six, safe and affordable residences. This property is designated for single family, head of households, who where homeless or about to be homeless. Our Hasbrouck Avenue property also posses an inviting courtyard, which provides an enjoyable outdoor space for the families that live there.
Located at 134 Hunter Street, in Kingston's Historic Rondout area, the 7,500 square foot building had been vacant. The structure was originally constructed in the 1860s, and once housed storefronts on the Ravine Street side. Rural Ulster Preservation Company saw the building as a prime structure for rehabilitation and community reinvestment. The rehabilitation project completed in 1990, created seven apartments for the disabled, and for families.
RUPCO purchased the vacant property at 97-101 Clinton, located in the City of Kingston. The purchase was a partnership between Rural Ulster Preservation Company and the City of Kingston. The Clinton Avenue property, which was most recently a boarding home, has changed owners numerous times over years, and was left vacant. This property is a historic 4000 sq ft Calvert Vaux inspired turn of the century gothic revival country home. RUPCO and the City of Kingston split the acquisition cost of the building. In addition, the City of Kingston will pledge funding to help revitalize the building. The Pettit House Condominiums will offer 4 condominiums for purchase by income eligible first time homebuyers. Each condominium is unique in design and size. Floor plans range from 790 sq ft to 1113 sq ft. The condominiums e stimated pre-subsidy sale prices will range from $205,000 to $215,000. Estimated post-subsidy sale prices will be $105,000 to $115,000. Subsidies will be generally recorded as zero interest and deferred loans. Two units are still available for purchase. The subsidies will be forgiven over time. Income guidelines require first time homebuyers be at or below 80% of the Area Median Income (AMI). Click here for Income Guideline Chart. Each condominium will offer:
Three of the condominiums will be 2 floors and offer a deck or porch. One condominium is one floor and handicapped accessible. Each condominium will have a dedicated storage unit in the basement. For more information on The Pettit House Condominiums please call Teryl Mickens, RUPCO's Project Developer at 845.331.2140.
RUPCO completed construction of Park Heights in August of 1999. Park Heights, located in Rosendale, was designed to offer independent living for elderly, disabled and handicapped households. Park Heights' unique design focus on community has won numerous awards. The forty 1 bedroom apartments open to a beautifully landscaped courtyard that provides a private, yet spacious outdoor area for the community to enjoy. The community room is the focal point of this courtyard. The result of this design is that tenants have independently created a tight nit community, with a self-created community group that organizes dinners and other events open to all residents. Due to the strong curb appeal and this tightly knit community, Park Heights is an affordable housing development that the residents of Rosendale are proud to have in their town. Park Heights was financed with the 9% low-income housing tax credit (LIHC), an extremely competitive funding source in New York State. These credits generated $2.4 million of the total $3.6 million total project cost. Additional financing sources were: NYS Housing Trust Fund, FHLB of New York Affordable Housing Program grant, and a conventional mortgage from Ulster Savings Bank.
 RUPCO acquired two vacant lots from the City of Kingston. The parcels located on Van Buren Street, in the City of Kingston, had been vacant for numerous years. RUPCO constructed 2 new homes on the parcels and sold them to income eligible first time homebuyers. The 2 story homes, were constructed to replicate the architectural elements of the existing homes in the neighborhood. Looking at the streetscape the homes blend perfectly within the neighborhood. The exterior offered maintenance free vinyl siding, an architectural shingle roof with a 25 year warranty, covered front porch and a one car concrete driveway. The interior is 1264 sq. ft. and has a full basement for utilities, 3 bedrooms, 2 1/2 baths, oak kitchen cabinetry, Energy Star appliances, hardwood flooring in living spaces, carpet in the bedrooms. Each home offers ample closet space and a full attic. These homes were both purchased by first time homebuyers enrolled in our NeighborWorks® HomeOwnership Center First Time Homebuyer Program.
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