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Homes and Community Renewal

HCR Celebrates "Wall Raising" at Erie Harbor Apartments

Slideshow
Raising the wall on Erie Harbor Apartments

Tom VanNortwick, Assistant Commissioner for the Buffalo Region, participated in a wall-raising ceremony recently to mark the start of construction at Erie Harbor Apartments in the City of Rochester. The complex, a mix of 131 affordable and market-rate apartments, leveraged multiple HCR programs, including $2,130,213 in Low Income Housing Tax Credit Equity, $14,480,000 in Long Term Tax Exempt Bonds issued by the New York State Housing Finance Agency (HFA), Credit Enhancement by State of New York Mortgage Agency, and a $2,700,000 HFA Second Mortgage.

The development will be located in the revitalized South Wedge neighborhood of Rochester. The garden style complex will consist of eight buildings with parking on the ground level, a community center, fitness center, laundry room, and maintenance facilities.

The site, which is located on the banks of the Genesee River, just south of the heart of Downtown Rochester, was originally developed over 40-years ago as a 402-unit Mitchell Lama housing development. Erie Harbor is the second phase of a two-phase process to revitalize the site and involves the demolition of four low-rise buildings formerly known as Riverside Commons and the new construction of Erie Harbor. HCR's Mitchell Lama Rehabilitation and Preservation Program assisted in phase-one in 2008 by financing the acquisition and rehabilitation of a 202-unit tower that was part of the original development.

HCR partnered with the City of Rochester and Conifer Development on Erie Harbor Apartments as part of a larger reinvestment in the Genesee River Gateway to connect the river to the South Wedge neighborhood. The complex will provide easy access to the Genesee Riverway Trail and be just minutes from work, school and all the community has to offer.

Tom VanNortwick said, "Demolition of River Park Commons and construction of a magnificent new complex of mixed income households in beautiful setting on the Genesee River will not only help to revitalize this neighborhood, but will also lead to further economic development opportunities for the neighborhood and the City. It will also help to address a strong demand for quality affordable housing for families in Rochester."

Last Updated: 06/06/2011