Westchester County Business Journal 102317

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2 | LAW FRANCHISE OCTOBER 23, 2017 | VOL. 53, No. 43

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bheltzel@westfariinc.com

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» TRUMP, page 6

» NEW ROCHELLE, page 6

Trump’s health care executive order draws rebuke from NY officials s Congressional attempts to repeal the Affordable Care Act led by a Republican majority remain stalled, President Donald Trump

BY BILL HELTZEL

federal agencies to explore rule changes that would expand access to more loosely regulated health plans. Later the same day, Trump announced plans to cut off federal subsidy payments to health insurance companies. While U.S. Sen. Lamar Alexander

Hospital for Special Surgery CEO and President Louis A. Shapiro and Robert P. Weisz, RPW Group CEO and owner of the 1133 Westchester Ave. building in which HSS is housed. Photo by Bob Rozycki

took two actions on Oct. 12 that he said will help in “saving the American people from the nightmare of Obamacare.” But officials in New York have expressed concerns the moves will only add turmoil to the health care market. The Republican president that afternoon signed an executive order directing

Developers seek state financing for New Rochelle affordable housing evelopers of a West End housing project in New Rochelle are cobbling together government financing to build lowrent apartments in a city in need of affordable housing. About 40 percent of renters in New Rochelle pay more than 30 percent of their income for housing, according to a state report. Nearly 18 percent of the city’s households use more than half of their income for housing. “New Rochelle has demonstrated a great need for affordable housing,” the state Homes and Community Renewal report says. The state Housing Finance Agency, a division of Homes and Community Renewal, is considering a request for financing that would alleviate the city rent crunch. The $27.3 million Craft Apartments project at Union Avenue and 1st Street consists of 75 units in a six-story building, with two ground-floor retail spaces and parking for 89 vehicles. The project site is close to the Metro-North train station and about a half-mile from Montefiore New Rochelle Hospital. The West End is the city’s most densely populated neighborhood and has the highest concentration of low-income households. These blue-collar, working-class streets are where many immigrants first started out, beginning with Germans and

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rdeffenbaugh@westfairinc.com

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