Cross Creek at Van Cortlandtville

Cross Creek at Van Cortlandtville is a forty-unit townhouse development, which was taken back from a local savings and loan institution after the original developer built six units and failed to sell them. With funding from New York State Affordable Housing Corporation and the Westchester County Housing Implementation Fund, construction was completed in fourteen months. Prior to the commencement of construction, all forty homes sold out in ten days. Acquisition and construction financing was provided by People’s Westchester Savings Bank in an aggregate amount of $3.6 million. Permanent loans were provided by Fleet Mortgage and Peoples Westchester Savings Bank.