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Homes and Community Renewal

New York State Homes and Community Renewal Announces $2.4 Million for two Affordable Housing Developments In Central New York

Investments Will Create or Preserve 48 Apartments for Seniors, Families

Part of HCR Program to Accelerate Construction of Shovel-Ready Projects

New York State Homes and Community Renewal (HCR) today announced $2.4 million in awards to build or rehabilitate two affordable housing developments with 48 apartments in Central New York that complements Governor Andrew M. Cuomo’s Upstate Revitalization Initiative and the region’s “Central NY Rising” comprehensive blueprint to generate economic growth and community development .

RuthAnne Visnauskas, Commissioner of New York State Homes and Community Renewal said, “Today’s announcement builds on Governor Cuomo’s commitment to ensuring that working families, seniors, people with disabilities, and those who have experienced homelessness have high-quality, affordable, safe places to call home. Maintaining and expanding our affordable housing stock creates inclusive communities that are essential to keep Central New York’s economy rising.”

The developments are examples of the housing solutions being created under Governor  leadership to expand access to affordable housing across New York State. This year, the Governor launched an unprecedented $20 billion five-year plan to provide affordable housing and combat homelessness by constructing and rehabilitating 100,000 units of affordable housing and 6,000 units of supportive housing – enough units to house the number of residents of the City of Buffalo.

The projects announced today are funded via New York State Homes and Community Renewal’s (HCR) Early Awards program, which is designed to accelerate construction of shovel-ready developments. The projects must meet State housing goals, including the creation of mixed-income housing, proximity to public transportation, placement in strong school districts, or the provision of support services for formerly homeless individuals or those with special needs.

The projects announced today are:

Preserving Housing for Seniors in Central New York

Fair Haven Apartments Company I, Fair Haven, Cayuga County
Fair Haven Apartments Company I was awarded $1.2 million in HCR Multifamily Preservation Program funds for 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.

Fair Haven Mayor James Basile said, “This major funding award should enhance the quality of life for the Fair Haven Apartments residents who need affordable housing. HCR’s investment is important in several ways. Not only is it a vote of confidence in our community, the major rehabilitation project should provide an economic boost to our local workforce and the businesses that supply services, equipment and material.”

Applewood Manor, Camillus, Onondaga County
Camillus Housing Company I, LP was awarded $1.2 million for the rehabiliation 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 development will provide quality affordable homes for seniors and include laundry facilitieson each floor, Energy Star applicances, air conditioning, and lighting, and a community room. 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.

Accelerating Central NY Rising  

Today's announcement complements “Central NY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $4.7 billion in the region since 2012 to lay the groundwork for the plan – capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment will incentivize private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 5,900 new jobs. More information is available here.