The Two Most Affordable Homes In Kingston Are Now For Sale

September 2, 2025

The Kingston City Land Bank (KCLB) has completed rehabilitation of the final 2 of 6 homes in its new affordable homeownership rehab Keystone Program and is now accepting registrations for the chance to purchase these homes.

The new homes are located at 52 Grand Street and 488 Hasbrouck Ave and were acquired by the KCLB under the City’s new disposition policy in 2023.

Both homes will have a maximum cash purchase price of $149,995, making them the most affordable homes ever sold by the KCLB. Purchasers will be selected via public lottery. Household size and income limits apply. Interested households can learn more about the opportunity and register for the lottery at KCLB.org/homes, and the KCLB will host a public information session via Zoom later this month. Registrations will be accepted until October 3, 2025.

This Keystone Program was financed using American Rescue Plan Act funds provided by the City of Kingston and Land Bank Initiative funds provided by New York State Homes and Community Renewal.

Following a public RFP to select General Contractors, rehabilitation of the first four properties began in July of 2024.

The full rehabilitation of these homes includes upgrades to structural, plumbing, new kitchens, bathrooms, flooring, windows, layouts, façade treatments and doors. The homes received efficiency upgrades including insulation, Energy Star windows, Energy Star appliances, high efficiency electric mini-split systems for heating/cooling. All homes are fully electric.

Staatsburg-based MWBE general contracting firm Maeda Construction Inc. conducted the renovations. Poughkeepsie-based Liscum McCormack VanVoorhis was the architect of record. Goldstein Hall provided legal counsel to the program. Homeownership Counseling services will be provided by RUPCO.

The KCLB completed rehab and sale of the first four homes under the Keystone Program earlier this year.

“We are excited to continue to provide the most affordable homes possible for our community” said Mike Gilliard, Executive Director of the Kingston City Land Bank. “Thank you to the City of Kingston Common Council for your vision to award us necessary ARPA stimulus funds for this program, and to New York State Housing and Community Renewal for their Land Bank Initiative Program, without which this important development would not have been possible.”

New York has appropriated more than $150 million to support the services and expenses of 31 Land Banks, addressing housing needs throughout the State. This Land Bank Initiative funding has returned nearly 300 housing units to occupancy through rehabilitation and development, saved 180 properties for reuse through stabilization interventions, improved community safety by demolishing 180 blighted properties, and invested in predevelopment studies to prepare nearly 300 properties for redevelopment.

The KCLB has multiple additional affordable homeownership developments underway, including new construction single-family homes throughout the City and a new construction multi-family community in Midtown.

Congressman Pat Ryan said, “I hear it from folks everyday – costs, specifically housing costs, are still way too high. I’m using every tool available to fight the affordability crisis in our community – and I’m grateful to have a partner like Kingston City Land Bank to address this huge burden on Hudson Valley families. We’re all-hands-on-deck to build high quality homes that hardworking Hudson Valley families can afford. This project goes to show what we can accomplish when elected officials and community partners come together with a common purpose. Together, we’ll keep working to ensure the American dream of home ownership is a reality for every Hudson Valley family.”

Senator Michelle Hinchey said, “I’m incredibly proud to see KCLB using the state dollars we fought for to fully rehabilitate homes in Kingston, opening the door to homeownership for our neighbors who might otherwise be shut out of the market. Thank you to KCLB, Maeda Construction, RUPCO, and everyone who has contributed to changing the course of a family’s life through the Keystone Program.”

Assemblymember Sarahana Shrestha said, “50.4% of my constituents are rent- burdened, and homeownership has become increasingly out of reach, especially for families of color and those looking to start their own. Two new affordable homes within Kingston is welcome news at a time when every bit helps. I look forward to continue working with KCLB towards long-term solutions to address the housing crisis.”

City of Kingston Mayor Steve Noble said, “I am so thrilled to see two more beautifully renovated homes become available for affordable homeownership to a family in our community. The Kingston City Land Bank’s commitment to deep affordability aligns with my administration’s goal of ensuring that every resident has a safe, secure place to live, and that all those who want to stay in our community are able. Not only are two families getting long-term housing stability, but the surrounding neighborhoods are revitalized when long-vacant properties become vibrant homes.”

Ulster County Executive Jen Metzger said, “Two more families will be able to achieve the dream of homeownership, thanks to the Kingston City Land Bank’s continued work through its Keystone Program. These homes are not only affordable — they are beautifully renovated and thoughtfully designed to be energy-efficient, helping to keep costs down for the long term. The work of the Land Bank is perfectly aligned with the County’s vision for advancing affordable housing, helping more residents put down roots and build equity in our community. Thank you to the City of Kingston and New York State Homes and Community Renewal for making dreams come true for Kingston’s working families.”

Robert J. Drost of Maeda Construction Inc. said, “It is a great privilege to be involved in this process of transforming abandoned buildings into homes for working class families here in the Hudson Valley.  Many thanks to Kingston City Landbank for letting us be a part of changing people’s lives for the better!”

KCLB Board Vice Chair Aron Chilewich said, “The KCLB’s work acquiring and rehabbing homes around Kingston is worthwhile because it leads to moments like this–the opportunity to sell the lowest price homes (fully rehabbed!) anywhere in the city. Homeownership provides households financial and geographic stability; affordable homeownership ensures that families who might otherwise be priced out of their communities can put down roots. These are the last two single-family rehabs in the KCLB’s current pipeline, so it makes sense that they’re the most affordable homes the organization has ever sold. I’m thrilled for the organization and for the families who will call the intersection of Grand and Hasbrouck home.”

The Kingston City Land Bank was formed with the purpose of acquiring title to tax-foreclosed and other distressed properties in the City of Kingston, removing barriers to redevelopment and returning properties to the tax rolls. Its mission is to foster an equitable community where vacant or distressed properties are transformed into community assets that improve the quality of life for Kingston residents, stabilize and enhance neighborhoods, and create new pathways for social and economic development.

 

For more information about the KCLB and to join our mailing list for updates, visit kclb.org and follow us on Instagram at @KingstonCityLandBank