Part of $200 Million to Build and Preserve Nearly 2,800 Affordable Apartments Across the State
Investment Complements “Central NY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Andrew M. Cuomo announced that more than $23.6 million has been awarded to six housing developments in Central New York that will create 286 affordable homes. The funding is part of more than $200 million the state is awarding to build or preserve more than 2,800 affordable apartments across New York’s 10 regions, revitalize communities, and generate $1.1 billion in economic activity.
“This investment is a significant milestone in New York’s $20 billion housing and homelessness plan, and a giant step forward in our efforts to increase access to homes for families, seniors and our most vulnerable men and women across the state,” Governor Cuomo said. “These resources will help the region build affordable, stronger, better neighborhoods for our residents for generations to come.”
The Governor’s commitment to providing all New Yorkers with access to safe, affordable housing is reflected in the state’s unprecedented $20 billion, five-year Housing Plan. The plan makes housing accessible and combats homelessness by building and preserving 112,000 units of affordable housing, and 6,000 units of supportive housing. The plan is a comprehensive approach to statewide housing issues and includes multifamily and single-family housing, community development, and rent stabilization.
The funds were available through New York State Homes & Community Renewal’s 2017 Unified Funding Application, a streamlined process to apply for Low Income Housing Tax Credits and low-interest loans for affordable, multifamily developments. Projects are funded in every region of the state.
RuthAnne Visnauskas, Commissioner of New York State Homes and Community Renewal said, “Today’s announcement is another concrete example of Governor Cuomo’s commitment to investing in affordable housing that not only provides quality homes to people who need them, but also addresses the crisis of homelessness, makes downtowns come alive with opportunity, and improves quality of life throughout the state. By delivering affordable homes to Central New York, we continue to keep its economy rising.”
The awards announced May 10th below is a partial list of funding applicable to Central New York. Syracuse area funding is highlighted in red below. A full list of funding awarded statewide is available here.
Revitalize Oswego Harbor
$10.9 Million for Harbor View Square, Oswego. The development complements Governor Cuomo’s Downtown Revitalization Initiative by creating a four-building, 66-unit mixed-income development with 10,000 square feet of commercial/retail space in the heart of Downtown Oswego, where the Oswego River meets Lake Ontario. The development is central to the Oswego Harbor Revitalization Initiative and will include a mix of affordable and market-rate households.
Revitalize Housing Opportunities in Syracuse
$4.6 Million for Winston Gaskin Homes, Syracuse. The development will rehabilitate 66 affordable apartments for individuals and large families in a residential neighborhood with many services and amenities. The development is part of an ongoing neighborhood revitalization effort and will rehabilitate 20 dilapidated buildings.
Help Seniors Live Independently in the Communities They Call Home
$1.2 Million for Fair Haven Apartments Company I, Fair Haven, Cayuga County. The development is the rehabiliation of a 24 unit building serving seniors age 62 years or older. Amenities include Energy Star appliances and lighting, a laundry room, and a community room. The project site is in a rural residential area with access to a handicap accessible van transportation service for residents provided through Cayuga County.
$1.2 Million for Applewood Manor, Camillus, Onondaga County. The development is the rehabilitation of a 24 unit, two-story building for seniors 62 years of age or older. The preservation work, which will include major system replacements and new finishes and appliances, will extend the useful life of the project for 20 years. The complex is located in a predominately residential neighborhood close to retail, a medical center, convenience store. Banks, grocery store, pharmacy and churches are within a one mile radius of the development.
$4.2 Million for CDS Cicero Senior Living. The newly constructed 50-unit development will offer quality homes and services for Cicero residents 55 and over, including 10 units serving individuals with developmental and intellectual disabilities.
Fight Homelessness with Supportive Housing in Scriba, Oswego County
$1.6 Million for Champlain Commons. The newly constructed 56-unit affordable workforce housing development for low income New Yorkers will include 17 apartments for homeless individuals who will receive services and support through Governor Cuomo’s Empire State Supportive Housing Initiative.