Sound Shore

A ribbon-cutting ceremony will take place Monday morning for Fox Island Homes – 35 fair and affordable condominium townhouses – at the development’s 2.9-acre site at Fox Island Road and Alto Avenue in Port Chester. County Executive Rob Astorino is expected to attend.

According to the county: Each of the three-bedroom, 2.5-bath town homes are approximately 2,160 square feet. The units can be purchased for about $198,000 by eligible households with annual incomes at or below 80 percent of the county’s Annual Median Income (AMI), currently approximately $84,000 for a household of four. The units must remain affordable for a 40-year period.

The project cost about $12 million. The county contributed $415,000 in New Homes Land Acquisition funds for the purchase of the property from the village, $2.2 million in federal HOME Investment Partnership Program funds and $1,032,000 in Housing Implementation funds for the construction of infrastructure improvements. Some of the funds were used to construct additional parking spaces for the use of visitors to the adjacent Edgewood Park. The New York State Affordable Housing Corp. provided $1.4 million in down payment assistance and the Infrastructure Development Demonstration Program provided $175,000.