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.
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.
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.
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
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.
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.
condominium will offer:
Star appliances; dishwasher, range, hood, and refrigerator
vent, gas fired furnaces & hot water heaters
day programmable thermostats
and phone ready
smoke detector system
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
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
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.