This project is the culmination of 15 years of planning. In 2011, the New York State legislature approved the leasing of 40 acres of land on the campus for the purpose of building a 385-unit senior retirement community. By State legislation, 75% of the proceeds must go to scholarships for TAP eligible students and 25% must go to support new faculty. Twenty percent of the housing in the community is affordable housing as defined by 80% of the median income in Westchester County. Phase I of the project includes the construction of 220 independent living units, 18 beds for assisted living, and 12 beds for memory care.