Governor Cuomo Announces Completion of $16.8 Million Affordable Housing Development in Syracuse


Butternut Crossing Offers 53 Affordable and Supportive Apartments for Individuals and Families on Syracuse’s Northside

 

Investment Complements “Central NY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy

 

Governor Andrew M. Cuomo today announced the completion of Butternut Crossing, a new seven-building affordable housing development in Syracuse’s Northside neighborhood. The $16.8 million mixed-use, mixed-income development has 53 affordable apartments including 11 homes reserved for people who need supportive services in order to live independently.

“Our investments in community revitalization create affordable and supportive housing units in every corner of this great state,” Governor Cuomo said. “Butternut Crossing is part of the solution to making the Northside neighborhood of Syracuse new again and will provide eligible Syracuse residents with safe housing and access to critical supportive services. This new investment moves us forward in our mission to keep Central New York Rising and create a safer and stronger New York for all.”

The Butternut Crossing development is part of Governor Cuomo’s unprecedented $20 billion, five-year affordable Housing Plan to build or preserve more than 100,000 homes and 6,000 supportive housing apartments. This commitment to providing all New Yorkers with access to safe, affordable housing makes housing more accessible and combats homelessness.

Butternut Crossing is located along Butternut and North Townsend Streets in seven separate buildings with a total of 53 apartments. There is a mix of one-, two- and three-bedroom apartments that are affordable to households with incomes that range from 30 to 90 percent of Area Median Income.

To create Butternut Crossing, the project’s developer, Housing Visions, acquired fourteen dilapidated properties through the Syracuse Land Bank. Housing Visions demolished the derelict buildings to create six new buildings and renovated a seventh to blend seamlessly into the existing fabric of the neighborhood. The development, which has commercial space available to rent, is centrally located on a traditional commercial corridor and has easy access to shopping, services and transportation.

Butternut Crossing includes 11 apartments supported by services and operating funding through the Governor’s Empire State Supportive Housing Initiative. Catholic Charities of Onondaga County, in conjunction with the New York State Office of Mental Health, is the service provider.

In addition to the 11 apartments with supportive services, there are eight apartments set aside for persons with physical disability and/or traumatic brain injury. ARISE, Inc. is the referral agency for these units. Six apartments are fully accessible and move-in ready for persons with mobility impairment and three apartments are move-in ready for persons with a hearing or vision impairment. Thirteen households will receive project-based Section 8 housing vouchers provided by the Syracuse Housing Authority.

Amenities include native plant landscaping, private bulk storage, off-street reserved parking, and access to laundry, computer, community room facilities and energy saving features including spray foam building insulation, and Energy Star exterior shingles. Low-VOC paints and sealants were used throughout. Each apartment has cable hook-up, central air, Energy Star appliances, low-flush toilets, programmable bath fans, and WaterSense labeled fixtures.

State financing for Butternut Crossing included federal Low-Income Housing Tax Credits that generated more than $9.5 million in equity and an additional $4.4 million in subsidy from New York State Homes and Community Renewal. The New York State Energy Research and Development Authority provided $31,000 and the Central NY Regional Economic Development Council provided $320,000. Additional funding was provided by Local Initiatives Support Corporation, the City of Syracuse’s HOME program, and Leviticus Fund.

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Butternut Crossing’s 53 affordable homes are part of a larger strategy to bring fresh economic opportunity to Syracuse’s Northside neighborhood by replacing vacant and derelict properties with high-quality affordable apartments. Our investment in Butternut Crossing complements the State’s Central New York Rising initiative by furthering revitalization efforts in Syracuse and creating more affordable housing opportunities. Thanks to Housing Visions, our latest development in Syracuse is moving the city’s strategic plan and this neighborhood forward.”

Local Elected Leaders Laud the completion of Butternut Crossing

According to Senator John Mannion said, “This $17 million dollar project utilized state funds to help tackle dual challenges of housing in our region; removing blight while ensuring access to more affordable and quality housing. There is much more work to be done and in my role on the Housing Committee, I’m eager to play my part in making sure that this progress continues.”

Assembly Member Bill Magnarelli added, “This project has been a great collaboration of Housing Visions, the Greater Syracuse Land Bank, and other organizations that are committed to rehabilitating the north side. The new buildings are a very visible display of the effort being made to better our neighborhoods. Butternut Crossing is dedicated to making the community accessible and inclusive.”

“An important part of addressing poverty in our community is to provide stable housing that includes wrap around services. Butternut Crossing is a great example of that effort. This would not be possible, however, without partners. I want to thank Housing Visions, Catholic Charities, New York State and our team in County government for their tireless effort to help the most vulnerable in our community and for making Butternut Crossings a reality.” According to Onondaga County Executive Ryan McMahon.

City of Syracuse Mayor Ben Walsh said, “It has been years in the making and it is an example of an incredible partnership between the City, Housing Visions, and so many other community partners. The project really checks all the boxes. It provides new, quality, affordable housing for residents in the city and it revitalizes a critical neighborhood business district and invests in both residential properties and mixed-use properties.”

“We are excited to celebrate the completion of this project that continues Syracuse’s residential and commercial revival. Butternut Crossing will provide much-needed affordable housing in the neighborhood, an opportunity to improve its economic sustainability and offers a safe environment for many families. This would not be possible without the commitment and investment of the development partners. Thank you to all our partners and funders.” In a statement by President and CEO of Housing Visions Unlimited, Inc., Ben Lockwood.

The State’s investment in Butternut Crossing complements the Central New York Region’s CNY Rising economic development initiative by supporting revitalization efforts in Syracuse and creating more affordable housing opportunities. Since 2011 in Syracuse, HCR has financed the construction or preservation of more than 1,800 affordable apartments in 20 developments and over the last decade, has invested more than $295 million in the creation or preservation of more than 4,000 affordable multifamily homes in the CNY region, leveraging an additional $504 million from other sources.