The Westchester County
Industrial Development Agency (IDA) approved a resolution that will provide Rye
Manor LLC $12 million in tax-exempt bond financing to renovate Rye Manor LLC,
County Executive Rob Astorino’s office announced Sept.12. Rye Manor is a 100-unit
affordable housing complex for seniors in the City of Rye. The total cost of
the renovation is $23 million and the project is expected to create 75
The news was announced in a press release that highlighted the IDA’s approval of a resolution that will provide Marathon Development Group $12 million in tax-exempt bond financing to renovate the Madison House, a 99-unit affordable housing complex located at 70 Ferris Avenue in White Plains.
Read more on that project here.