This $10,300,000 renovation of a former Catholic monastery was completed in December 1997. The facility now houses 35 formerly homeless individuals with HIV/AIDS, and is the site for Westchester’s only AIDS Adult Day Health Care Program, and is the headquarters for the Greyston Foundation.
The project was financed through a combination of historic and low-income housing tax credits sold to the Enterprise Social Investment Corporation, New York State tax-exempt bonds, a HOME loan administered by the City of Yonkers, a loan from the Chase Community Development Corporation, and a US HUD grant for Special Projects of National Significance.
Earlier this year, Issan House won the highly competitive Met Life Award presented at the annual conference of the Enterprise Foundation this year in New York City. The awards luncheon was attended by 1200 people and the keynote address was by New York Mayor Michael Bloomberg. Issan House has previously been recognized by HUD as a Special Project of National Significance. More information about the Met Life award may be found at www.enterprisefoundation.org/metlife.
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