Woodland Pond, a planned retirement and assisted living community approved for New Paltz, becomes the UCIDA's largest project to date.

The $98 million development, financed with UCIDA tax-exempt bonds, will cater to tenants age 62 and older. The community will offer 201 apartments and cottages on 30 acres of an 83-acre site. The project is expected to include 40 beds for skilled nursing patients and 60 assisted living suites.

Woodland Pond is the first retirement community of its kind to be built in the Mid- Hudson Valley. It will offer its residents a wide range of gracious services and amenities such as housekeeping, fine dining, a wealth of programs and activities, a salon and day spa that includes an indoor heated indoor pool and a state-of-the-art fitness center, and much more.

With 144 residences already secured with deposits, the ground-breaking is estimated to begin in September 2007. Occupancy is projected for 2009.