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March 30, 2017
For Release: Immediately
Hudson River Housing Recipient of Central Hudson Grant

A 143-year-old former factory building on North Cherry Street in the City of Poughkeepsie has a new lease on life, with the completion of a rehabilitation project funded in part by Central Hudson Gas & Electric Corporation. In a ribbon cutting ceremony today, officials introduced the newly renovated building to the community.

Hudson River Housing restored and repurposed the historic building, which formerly housed a leather manufactory, paper mill and the Poughkeepsie Underwear Factory. Vacant for many years, the refurbished mixed-use building is now home to six one-bedroom apartments, nine studio apartments and commercial and community spaces currently occupied by North River Roasters, Mid-Hudson Heritage Center, Spark Media Project and a communal kitchen.

Central Hudson’s Main Street Revitalization grant provided $125,000 toward completion of the project, made available through a $5 million Community Benefit Fund in support of local development initiatives provided by the energy company’s parent, Fortis Inc.

“Hudson River Housing is very appreciative of our partnership with Central Hudson in developing this historic factory,” said Mary Linge Director of Real Estate Development for Hudson River Housing. “Not only has Central Hudson provided funding through their Main Street Revitalization grant, but they have been very cooperative and helpful in bringing this building back into service after being dormant for decades.”

 “We’re pleased to have offered this grant to assist Hudson River Housing in their redevelopment efforts,” said Anthony Campagiorni, Vice President of Regulatory and Government Affairs at Central Hudson. “We believe this transformation will provide a catalyst for future growth and redevelopment in Poughkeepsie’s downtown.

 “Central Hudson has been headquartered in the City of Poughkeepsie since 1927,” said Campagiorni. “We are as committed to Poughkeepsie’s future now as we were then, and are encouraged by the great strides made through this initiative.”

Hudson River Housing was awarded Central Hudson’s Main Street Revitalization grant in 2014, under a special program to help reinvigorate primary business corridors within the region’s urban centers. Funds were available for façade and streetscape improvements, interior renovations and other capital investments. The grants provided up to $250,000 per project, and applicants were required to leverage private, federal and/or state grants, and in kind matching funds of at least 25 percent. Five finalists, including Hudson River Housing, were selected.

This is the second project in the City of Poughkeepsie to receive support from the Main Street Revitalization program. In January 2016, the city’s Garden Street was reopened to vehicle traffic to improve access between Main Street businesses and an adjacent parking garage. Other qualified projects for the grant program include the enhancement of Cornell Street in the City of Kingston; a West Main Street redevelopment project in the Village of Wappingers Falls; and the Broadway Corridor Enhancement in the City of Newburgh.

For more information on Central Hudson’s economic development programs, visit www.CentralHudson.com/economicdevelopment.

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A 143-year-old former factory building on North Cherry Street in the City of Poughkeepsie has a new lease on life, with the completion of a rehabilitation project funded in part by Central Hudson Gas & Electric Corporation’s Main Street Revitalization Program grant, provided by parent company Fortis, Inc. Top left: The restored mixed-use building is ready for tenants, and also houses businesses and organizations. Top right: The North River Roasters coffee house is a current tenant. Below: Community members gathered for the grand opening; presenting is Christa Hines, Interim Executive Director.

Central Hudson Gas & Electric Corporation is a regulated transmission and distribution utility serving approximately 380,000 customers in portions of eight counties of New York State's Mid-Hudson River Valley; it delivers natural gas and electricity in a 2,600-square-mile service territory that extends from the suburbs of metropolitan New York City north to the Capital District at Albany. Its mission is to deliver electricity and natural gas to an expanding customer base in a safe, reliable, courteous and affordable manner; to produce growing financial returns for its owner; to foster a culture that encourages employees to reach their full potential; and to be a good corporate citizen. Visit www.CentralHudson.com for more information.

 

Central Hudson became the first American utility subsidiary of Canadian holding company Fortis Inc. in June 2013.   Fortis is a leader in the North American utility industry with assets of approximately $48 billion and 2016 revenue of $6.8 billion. Its regulated utility companies serve more than three million customers across Canada, the United States and the Caribbean. Visit www.Fortisinc.com for additional information.