Under Construction Projects
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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: 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 |
