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Three projects to rehabilitate 363 homes and apartments in Buffalo and Springville have been awarded grants from the Federal Home Loan Bank of New York, a wholesale bank that serves financial institutions in New York and New Jersey.
Belmont Housing Resources for Western New York was awarded $130,000 for the Promise Neighborhood Home Improvement Program, which will repair 10 owner-occupied homes in the Central Park area. Additional funding will be provided by M&T Bank and the New Opportunities Community Housing Development Corp.
Liberty Affordable Housing Inc. was granted $1 million for the Mariner Towers project in Buffalo, which will purchase, rehabilitate and preserve 290 housing units for very low-income families. The U.S. Department of Housing and Urban Development has agreed to extend a Section 8 Contract for the project for 15 years after it expires in 2014.
In Springville, Conifer Realty LLC was given $567,000 for the Springbrook Apartments Preservation Project, which will renovate a 63-unit, three-building apartment complex for seniors and low-income families.