Under Construction Projects
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Project Name: Owego Gardens II
Location: 140 Owego NY Building: New Construction – Townhomes & Multifamily Units/Bedrooms: 93 units: 50 one-bedroom, 35 two-bedroom and 8 three-bedroom Special Needs/Support Services: Adults with Physical Disabilities Amenities: Common Laundry, Community Space, rental office, patios and balconies, elevators, dishwashers, air conditioning, on-site tenant & visitor parking Total Project Costs: $25.7 Million Anticipated Funding Sources: NYS HFA Tax Exempt Bonds with 4% as-of-right tax credits, NYS HFA subsidies, NYSERDA, Investor Equity Target Population: Workforce Client: Home Leasing, LLC |
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Project Name: Ida North
Location: Scattered Sites, Albany NY Building: Occupied Rehab and Preservation of Ida IV and North Albany Homes Units/Bedrooms: 384 units: 140 studios, 92 one-bedroom, 72 two-bedroom, 64 three-bedroom, 16 four-bedroom Amenities: Common Laundry, Community Space, elevators, on-site tenant & visitor parking, on-site grocery store Total Project Costs: $105.03 Million Anticipated Funding Sources: NYS Tax Exempt Bonds with 4% as-of-right tax credits, NYS HFA Public Housing Preservation (PHP), NYS HFA New Construction Program (NCP), Assumed Debt, NYSERDA, Seller Loans, Investor Equity Target Population: Workforce Client: Albany Housing Authority |
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Project Name: Pueblo Nuevo II
Location: Scattered Site Northeast Rochester – El Camino Neighborhood Building: New Construction: 5 single family, 12 duplex, adaptive reuse of warehouse for community space Units/Bedrooms: 25 two-bedroom units Special Needs/Support Services: 5 units set aside for Adults who are homeless/at risk of homelessness Amenities: Air conditioning, washer/dryer hook ups, off street parking, community room and green space Total Project Costs: $12.6 Million Funding Sources: NYS HCR 9% LIHTC, SLIHC, NYS Housing Trust Fund, NYS HCR Community Investment Funds (CIF), NYSERDA, Investor Equity Target Population: Workforce Client: Ibero-American Development Corporation |
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Project Name: East Lake Commons
Location: 18 E. Cayuga St., Oswego, NY Building: New Construction – Mixed Use Units/Bedrooms: 70 Mixed-Income units: 46 one-bedroom & 24 two-bedrooms Amenities: Common Laundry, Community Space, air-conditioning, elevators, dishwashers, rental office, tenant storage, on-site tenant & visitor parking, Commercial Space Total Project Costs: $25.2 Million Funding Sources: NYS Tax Exempt Bonds with 4% as-of-right tax credits, NYS HFA Subsidies (NCP, CIF, HWF), NYS ESD, NYS DRI, NYSERDA, Investor Equity Target Population: Workforce, physically disabled Client: Home Leasing, LLC |
