Crescent Manor Breaks Ground Bringing Affordable Senior Housing to Ossining
MacQuesten Development has officially begun construction on Crescent Manor, a new 73-unit affordable senior housing community in Ossining, NY. Designed specifically for residents aged 62 and over, the development features 33 studio and 40 one-bedroom apartments, with rents set at 40%, 50%, and 60% of Westchester’s Area Median Income (AMI). The project aims to provide seniors with a comfortable, sustainable living environment that allows them to age in place.
Located at 136-140 Croton Avenue, Crescent Manor will be a low-rise elevator building offering 79 on-site parking spaces, free utilities, complimentary Wi-Fi, and a variety of amenities including indoor and outdoor recreation areas and a fitness room. Retail space on the ground floor and community space on the lower level will further integrate the building into the Ossining community.
A key feature of the project is its commitment to sustainability. Built to PHIUS+ standards, Crescent Manor will utilize rooftop solar panels to generate nearly 85% of its energy needs, significantly reducing costs and environmental impact.
Westchester County has provided strong financial support through $25 million in tax-exempt bonds, HOME funds, and other incentives designed to keep the housing affordable long-term. County Executive Ken Jenkins highlighted the importance of public-private partnerships in making this project possible.
Additionally, CVS Health invested $24 million through CREA by purchasing Low Income Housing Tax Credits and New York State Brownfield Credits, reinforcing the connection between affordable housing and overall health outcomes for seniors.
Rella Fogliano, MacQuesten’s President and CEO, expressed pride in advancing affordable senior housing that supports diverse and thriving communities throughout Westchester County.
As Crescent Manor moves forward, it represents a forward-thinking model for affordable, energy-efficient senior housing that blends community, health, and sustainability in Ossining.
