Discovery Cove

Four rental condominium units

2002-2003

Discovery Cove is Phase 3 of the Half Moon Bay condominiums in Croton-on-Hudson, located on the Hudson River off Municipal Place. As part of the permitting process, the Village Planning Board required the developer to include at least two units of affordable housing.

Early on, there was a focus on the needs of seniors, and this led to a decision to include four smaller units instead of the original two. Subsequently another developer took over the project; Croton Housing Network requirements were included in the site plan, and the purchase price for the CHN units was set such that the original rents could be held to about $500 per month.

Partial funding came from the Westchester County HOME program, and the non-profit Community Preservation Corporation provided the mortgage. The terms of the HOME program agreement dictate that these apartments will remain affordable for 20 years. At the end of that period, Croton Housing Network can decide whether to continue to limit the rents by the same rules.

Each apartment is 590 square feet and consists of a living room, bedroom, kitchen and bath. Amenities include a washer, dryer, dishwasher and microwave. Rents range from $600 - $1,000/month.  Tenants pay for all utilities, including heat.