Westchester, NY – State Senator Shelley Mayer (SD-37), State Senator Nathalia Fernandez, Assemblywoman Amy Paulin (AD-88) and Assemblyman Steve Otis (AD-91) are excited about Governor Hochul’s Mid-Hudson Momentum Fund Awards that have gone to Westchester communities to accelerate housing development across the region, including a $5M grant for the City of New Rochelle.

The project site, located at 455 Main Street is currently a vacant, underutilized downtown site that is ideally situated near the New Rochelle Metro North station which is surrounded by restaurants, retail and new developments including Stella and Anderson Plaza, a 380-unit mixed building with public outdoor recreational amenities.

Stella Phase II will comprise 126 units of for-sale affordable condominiums with a range of unit types, over 100 parking spaces and 4,000 square feet of commercial space. The development team has embraced sustainable and green infrastructure as this innovative development will be fully electric, LEED certified, and will be the first high-rise affordable condominium to be built in Westchester in many years. Additionally, Open Door Family Health Center, one of the largest health care providers in the region, will occupy the ground floor.

Stella Phase II is consistent with the strategic goals and priorities of the Mid-Hudson Regional Economic Development Council and aligns with both state and regional goals and priorities in several key areas.

Mayor of the City of New Rochelle Yadira Ramos Herbert said, "We are thrilled to receive this $5M Momentum grant from the state to support new affordable housing opportunities and expanding access to community-based health services. With multi-encompassing projects like this, we’re not just building housing; we’re building stronger sustainable neighborhoods. I’m grateful to Governor Hochul and our state legislators for their continued partnership and commitment to New Rochelle's future.”

State Senator Shelley B. Mayer said, “I am so pleased that the City of New Rochelle will receive $5 million to transform mixed-use development for affordable housing units and an affordable dental clinic. These funds will promote additional affordable housing units - that people can actually own- right in downtown New Rochelle. Thank you to Governor Hochul for another impactful investment in one of our Westchester cities.”

State Senator Natalia Fernandez said, “The Stella Phase II funding will build opportunity, security, and a sense of belonging for current and future New Rochelle residents. This investment means that working families can afford to live near good jobs and transit, and access essential services like dental care. Most importantly, it creates new housing opportunities so the next generation can build their lives right here in the city they grew up in. I’m proud to support this project as a model for addressing the housing crisis across the state.”

Assemblyman Steve Otis said, “Congratulations to New Rochelle for this $5 million Mid-Hudson Momentum Fund award towards the next Stella project in the city. Stella 1 has been a great success and with new state funding, and the strong support of Governor Hochul, it will continue the transformation of New Rochelle. Of special note for this project is the affordable home ownership, environmental design, and Open Door Health Center parts of the project. This is a win for New Rochelle.”

Assemblywoman Amy Paulin said, “I’m thrilled that Westchester is receiving this vital investment for Stella Phase II – a transformative, all-electric, LEED-certified project near New Rochelle’s Metro-North station. With its affordable condos and focus on sustainability and transit- oriented design, this development is a great step toward greater affordability and livability in our county. I’m grateful to Governor Hochul and New York State for championing bold, thoughtful solutions to our housing needs.”