Pre Development Projects
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Project Name: Alta Vista at St. Joseph's Park
Location: 101-113 Franklin St. and 106 Pleasant St., Rochester, NY Building: New Construction, mixed-use Units/Bedrooms: 76 units: 54 one-bedroom, 22 two-bedroom Amenities: On-site parking/EV station, air conditioning, tenant storage, common laundry, and green space. Commercial space for The Landmark Society of Western New York. A stamped walkway through standalone arches will outline the physical connection between the project and the historic St. Joseph’s Church. Total Project Costs: $31.7M Anticipated Funding Sources: NYS Tax-Exempt Bonds with 4% as-of-right tax credits, NYSHFA Subsidies, City of Rochester HOME, Investor Equity, HHAP, NYSERDA Target Population: Workforce: Mixed-Income, 14 units will target homeless/at-risk of homelessness individuals and small families Client: Ibero-American Development Corporation. The City of Rochester selected Ibero-American Development Corporation and Edgemere Development as the designated developer. |
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Project Name: Steamboat 20
Location: 20 Rensselaer Street, Albany NY Building: Occupied Rehabilitation and Preservation of existing Historic Building Units/Bedrooms: 88 units: 77 one-bedroom; 11 two-bedroom Special Needs/Support Services: 14 Units set aside for Adults who are homeless/at risk of homelessness Amenities: Common Laundry, Community Space, elevators, air conditioning, on-site tenant & visitor parking, various service providers on-site Total Project Costs (combined): $22.2M Anticipated Funding Sources: NYS Homes & Community Renewal 9% LIHTC, NYS Housing Trust Fund, NYS Target Population: Mixed Income – Workforce Individuals and Small Families Client: Albany Housing Authority |
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Project Name: Oak Street Apartments - Refinance
Location: 205 Oak St., Fulton, New York 13069 Completed: 2004 Building: Preservation of Occupied Historic former schoolhouse Units/Bedrooms: 12 units: 8 one-bedroom & 4 two-bedroom Special Needs/Support Services: 2 units set aside for Frail Elderly Amenities: Community Room, Common Laundry, Green space with picnic area, Elevator, Central Air Conditioning, Tenant/Visitor Parking Total Project Cost: $1.9 Million Funding Sources: NYS HCR 9% LIHTC, NYS Housing Trust Fund, Fulton Community Development Agency, Section 8 Project Based Vouchers, Investor Equity Target Population: Seniors 62+ Client: Fulton Community Development Agency & Edgemere Development, Inc. |
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Project Name: Stoneridge
Location: Scattered Sites, Herkimer NY Building: Occupied Rehab and Preservation of Herkimer Housing Authority’s Creekside & Midtown Apartments + Nathan Castle Apartments Units/Bedrooms: 129 units: 95 one-bedroom, 22 three-bedroom; 4 four-bedroom Amenities: Common laundry, community room, on-site tenant & visitor parking Total Project Costs: $30 Million Anticipated Funding Sources: NYS Tax Exempt Bonds with 4% as-of-right tax credits, NYSHFA Subsidies, HHA Capital Lease Financing, Investor Equity, Assumed Debt Target Population: Workforce Client: Herkimer Housing Authority |
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Project Name: Apartments at the Lyceum
Location: Buffalo, NY Building: Adaptive Reuse and Rehabilitation of the Historic St. John Kanty School + New Construction on Vacant Parcels Units/Bedrooms: 50 units: 38 one-bedroom, 12 two-bedroom Special Needs/Support Services: 12 units set aside for Adults who are homeless/at risk of homelessness; Services provided by Community Services for Every1 Amenities: Air conditioning, common laundry, community room, on-site tenant & visitor parking, tenant storage Total Project Costs: $19.2 Million Anticipated Funding Sources: NYS HCR 9% LIHTC, NYS Housing Trust Funds, NYS HCR Community Investment Funds, Empire State Development Funds, Investor Equity Target Population: Workforce Client: Community Services for Every1, Inc. |
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Project Name: Federal and Scattered Sites
Location: Rochester NY Building: New Construction and Preservation and Rehabilitation of Occupied Units Units/Bedrooms: 55 units: 1 one-bedroom, 27 two-bedroom, 22 three-bedroom, 4 four-bedroom, 1 five-bedroom Special Needs/Support Services: 9 units set aside for Adults who are homeless/at risk of homelessness Amenities: Common laundry, community room, playground, on-site tenant & visitor parking Total Project Costs: $15.5 Million Anticipated Funding Sources: NYS HCR 9% LIHTC, NYS Housing Trust Fund, City of Rochester HOME, NYSERDA, Investor Equity Target Population: Workforce Client: Rochester Housing Authority |
