AMENDING THE 2026 ADOPTED COUNTY BUDGET AS IT PERTAINS TO THE HOUSING TRUST FUND AND THE DEPARTMENT OF PLANNING & DEVELOPMENT

ENVIRONMENT RESOLUTION NO. 2026026 RE: AMENDING THE 2026 ADOPTED COUNTY BUDGET AS IT PERTAINS TO THE HOUSING TRUST FUND AND THE DEPARTMENT OF PLANNING & DEVELOPMENT Legislators VALDÉS SMITH, ALEXANDER, CASWELL, KAUL, KEARNEY, REDL. RHODES, SHAH and WINSBY offer the following and move its adoption: WHEREAS, by Resolution 2022139, the Dutchess County Housing Trust Fund (the "Fund"') was created, and a reserve account established, to provide a flexible funding source to aid in the implementation of a variety of affordable housing efforts for low- and moderate-income residents throughout the County, and WHEREAS, the Fund's Housing Creation and Preservation Program (the "Program") awards loans to qualified applicants for the purpose of creating and/or preserving affordable rental housing in Dutchess County, the distribution of which may span multiple fiscal years, and WHEREAS, the Commissioner of Planning & Development (the "Department") advises that certain projects under the Program are expected to proceed to contract execution and begir construction this year or are in the construction phase, as follows: • 9-13 Noxon Street Project in the City of Poughkeepsie • Two Cross Street Project in the City of Beacon • Wallace Campus in the City of Poughkeepsie • The Clinton Crest in the City of Poughkeepsie • Morgan Avenue Apartments in the City of Poughkeepsie • Locust Hill in the Town of Rhinebeck • Powder House Road in the Town of Amenia, and Departments cary it is nines comminents under th roed m, noy Berete, allow the RESOLVED, that the Commissioner of Finance is authorized, empowered and directed to amend the 2026 Adopted County Budget as follows: APPROPRIATIONS Increase A.8020.87.4417 Housing Trust Fund $7,000,000 REVENUES Increase A.9998.95110.14 Appropriated Reserve Housing Trust Fund $7,000,000 CA-011-26; LDF/rjw; G-0179; 01/05/2026; Fiscal Impact: See Attached STATE OF NEW YORK ss: COUNTY OF DUTCHESS IN WITNESS WHERE have hercunto set my hand and seal of said Iegislature this l _ day of febr Susan serero SUSAN J. SERINO COUNTY EXECUTIVE Date Feb. 11, 2024 _ 2026. JULIE SHIROISHI, CLERK OF THE LEGISLATURE Roll Call Sheets District Present: Absent: Vacant: Last Name District 16 - Fishkill and Beacon Valdés Smith District 9 - City of Poughkeepsie Atkins YES / / District 20 - Red Hook, Tivoli, and Rhinebeck Munn District 3 - LaGrange Polasek District 12 - East Fishkill Metzger District 1 - Town of Poughkeepsie Redl District 2 - LaGrange, Pleasant Valley & Town of Poughkeepsie Arnoff District 4 - Hyde Park and Town of Poughkeepsie Lawler District 5 - Town of Poughkeepsie Shah District 6 - Town of Poughkeepsie Kaul District 7 - Hyde Park and Pleasant Valley. Darrow District 8 - City and Town of Poughkeepsie Brendli District 10 - City of Poughkeepsie . Johnson District 11 - Clinton, Pleasant Valley, and Rhinebeck Kearney District 13 - East Fishkill and Wappinger : Giles District 14 - Wappinger and Town of Poughkeepsie Winsby District 15 - Wappinger Faust District 17 - Town and Village of Fishkill McHoul District 18 - City of Beacon and Fishkill Rhodes District 19 - North East, Stanford, Pine Plains, Milan & Red Hook • Drago District 21 - East Fishkill Caswell District 22 - Beekman and Union Vale Tresca Rolison / District 23 - Pawling, Beekman and East Fishkill District 24 - Dover and Pawling District 25 - Amenia, Washington, Pleasant Valley & Millbrook 25 Resolution: Consent Motion: / House Alexander Total : 25 Yes Abstentions: O NO No 2026026 AMENDING THE 2026 ADOPTED COUNTY BUDGET AS IT PERTAINS TO THE HOUSING TRUST FUND AND THE DEPARTMENT OF PLANNING & DEVELOPMENT SUE SERINO COUNTY EXECUTIVE EOIN WRAFTER, AICP COMMISSIONER DUTCHESS COUNTY GOVERNMENT DEPARTMENT OF PLANNING & DEVELOPMENT To: Gregg Pulver, Deputy County Executive From: Eoin Wrafter, Commissioner of Planning & Development Date: RE: January 2, 2026 Proposed Legislative Resolution - January\ February 2026 Attached for your review and consideration is a resolution request to amend the 2026 Adopted County Budget to increase $7,000,000 in A.9998.95110.14 which will transfer reserve funds to the budget, as well as an increase in line A.8020.87.4417 to pay for the projects listed below, awarded under the Housing Trust Fund's Housing Creation and Preservation Program: • • 9-13 Noxon Street in the City of Poughkeepsie • Two Cross Street in the City of Beacon • Wallace Campus in the City of Poughkeepsie • The Clinton Crest in the City of Poughkeepsie • Morgan Avenue Apartments in the City of Poughkeepsie • Locust Hill in the Town of Rhinebeck • Powder House Road in the Town of Amenia For background: 9-13 Noxon Street involves the rehabilitation of an existing 16-unit single-room occupancy (SRO) facility in the City of Poughkeepsie that is in need of improvements. Units serve a critical need as affordability levels range from 30%-50% AMI. Construction began in Spring 2025 and is anticipated to be completed in the first quarter of 2026. • Two Cross Street involves the rehabilitation of an existing Main Street building and construction of a new building to include 18 units, nine of which are supported by the Housing Trust Fund. Project is currently under construction and is expected to be substantially complete by Summer 2026. • Wallace Campus is a mixed-use project in the City of Poughkeepsie, including 187 affordable rental units and more than 20,000 sf of commercial space. The development team closed on their construction financing in December 2025, and they are expected to begin construction in Q1 2026. The project has a 28-month construction schedule. The Clinton Crest is an expansion of an existing multifamily apartment building in the City of Poughkeepsie to include an additional four affordable units. Construction is underway and expected to be completed by Q2 2026. • Morgan Avenue Apartments is a proposed new construction nine-unit multifamily building on a vacant lot in the City of Poughkeepsie. The development team is closing on its financing, and construction is expected to begin by Summer Locust Hill in the Town of Rhinebeck is a new construction multifamily rental project consisting of 80 affordable apartments. The development team closed on their construction financing in December 2025 and they are expected to begin construction in Q1 2026. Powder House Road in the Town of Amenia is a new construction affordable duplex. The developer expects to complete all land use approvals by January 2026, with construction expected to begin in the Spring. Specific details are provided on the attached Resolution Request Form and Fiscal Impact Statement. Please contact me if you have any questions. C: Dutchess County Attorney's Office 85 Civic Center Plaza, Suite 107, Poughkeepsie, NY 12601 | (845) 486-3600 | Fax: (845) 486-3610 dutchessny.gov FISCAL IMPACT STATEMENT E NO FISCAL IMPACT PROJECTED APPROPRIATION RESOLUTIONS (To be completed by requesting department) Total Current Year Cost $ 7,000,000 Total Current Year Revenue $ 7,000,000 and Source Source of County Funds (check one): Existing Appropriations, •contingency, •Transfer of Existing Appropriations, • Additional Appropriations, Z Other (explain). Identify Line Items(s): A.9998.95110.14 +$7,000,000 A.8020.87.4417 +$7,000,000 Related Expenses: Amount $ Nature/Reason: Anticipated Savings to County: Net County Cost (this year): $0 Over Five Years: Additional Comments/Explanation: The Housing Trust Fund's Housing Creation and Preservation Program awards loans to qualified applicants for the Prepared by: Paul Hesse, Community Development Coordinator Prepared On: 01/02/2026 Dut.pdf