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 I
Location: Scattered Site Northeast Rochester – El Camino Neighborhood Building: New Construction, adaptive reuse, community green space Units/Bedrooms: 75 units: 59 one-bedroom, 2 two-bedroom, 14 three-bedroom Special Needs/Support Services: 19 units set aside for Adults with Intellectual/Developmental Disabilities Amenities: Multifamily Buildings - Common Laundry, Community Space, rental office, elevators, air conditioning, on-site tenant & visitor parking; Triplexes – washer/dryer hook ups, air conditioning, off street parking Total Project Costs: $24.6 Million Funding Sources: NYS HFA Tax Exempt Bonds & 4% as-of-right tax credits, NYSHFA SHOP, OPWDD ISH Capital & Rental Subsidies, FHLB NY, City of Rochester HOME, NYSERDA, Investor Equity Target Population: Workforce Individuals and Families 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 |
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Project Name: Herkimer Headstart
Location: Herkimer NY Building: New Construction Building Use: Head Start Educational Building Total Project Costs: $2 Million Funding Sources: NYS Community Investment Funds (CIF), The Community Foundation Grant Funds, ESD Grant, Sponsor Loan Client: Herkimer Housing Authority |
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Project Name: Eastern Gardens
Location: 229 Harter Street, Herkimer NY Building: Occupied Rehab and Preservation of existing Eastern Gardens Apartments & New Construction of one (1) Building Units/Bedrooms: 63 units: 14 one-bedroom & 49 two-bedroom Special Needs/Support Services: 7 units set aside for Adults who are homeless/at risk of homelessness; 3 units set aside for Adults with Physical Disabilities Amenities: Common Laundry, Community Space, two playgrounds, tenant & visitor parking, air conditioning (new build), elevator building (new build) Total Project Costs: $19.74 Million Funding Sources: NYS HCR 9% LIHTC, NYS Housing Trust Fund, NYS HCR Subsidy, NYSERDA, Capital Lease Financing, Investor Equity Target Population: Individuals and Small Families Client: Herkimer Housing Authority |
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Project Name: St Bernard's Park
Location: 2260-2300 Lake Avenue, Rochester NY Building: Occupied Rehab and Preservation of existing St. Bernard’s Park Units/Bedrooms: 160 units: 14 studios, 102 one-bedroom & 26 two-bedroom Amenities: Common Laundry, Community Spaces, Commercial space, air-conditioning, tenant storage, elevators, on-site tenant & visitor parking Total Project Costs: $27.98 Million Funding Sources: NYS HFA Tax-Exempt Bonds with 4% as-of-right tax credits, NYS HFA Subsidy, NYSERDA Solar Incentives, City of Rochester HOME, Investor Equity Target Population: Seniors 55+ Client: CB-Emmanuel Realty, LLC |
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Project Name: Link at Sunset
Location: 2507-2513 Sunset Avenue, Utica NY Building: New Construction – Mixed Use Units/Bedrooms: 60 units: 50 one-bedroom & 10 two-bedroom Special Needs/Support Services: 12 units set aside for Adults with Intellectual/Developmental Disabilities Amenities: Common Laundry, Community Space, Elevator, air-conditioning, On-site tenant & visitor parking, and program space occupied by the Kelberman Center. Total Project Costs: $19.8 Million Funding Sources: NYS HCR 9%LIHTC, NYS Housing Trust Fund, NYS Community Investment Funds (CIF), OPWDD Capital & Rental Subsidy, City of Utica HOME, Investor Equity Target Population: Workforce Individuals and Small Families\ Client: Kelberman Center, Inc. |
