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Eight affordable housing projects receive $1.9 million in grants
Published:July 8, 2010, 6:33 AM
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Updated: August 21, 2010, 7:05 AM
The Federal Home Loan Bank of New York has awarded more than $1.9 million in grant funding to eight affordable housing projects that will create 176 new housing units across Western New York.
The grants, part of $29.7 million in funding that was awarded to 54 housing projects in the Northeast, are combined with financing from other sources to support housing for low-income to moderate-income families.
The following projects received funding:
United Memorial Medical Center received a $402,082 grant to help finance the construction of the Jerome Senior Apartments, a 37-unit complex for low-and very low-income seniors in Batavia. The apartments will be built in a vacant portion of the former St. Jerome’s Hospital building.
Rural Housing Opportunities Corp. was given a $350,000 grant to finance the rehabilitation of the Beechwood Apartments, which will provide 30 apartments for low-and very low-income families in the Village of Albion.
The Alden Family Apartments received a $336,000 grant to help finance the construction of 28 units of rental housing for very low-income families. The project will include a mix of one-and three-bedroom units in a campuslike setting.
The Holy Family Senior Housing Development project in Buffalo received $304,796 to finance the renovation and conversion of the former Holy Family Elementary School on Tifft Street into 35 affordable apartments for senior citizens.
The West Side NHS Home Repair Program was given a $240,000 grant to provide financing to 20 moderate-to very low-income homeowners in Buffalo for home repairs that they otherwise couldn’t do because they lack access to needed funding.
Cynthia Gardens received a $120,000 grant to build eight apartments for low-and very low-income families. Two of the units will be set aside for homeless families.
The Massachusetts Avenue Development Project was given a $104,500 grant to help finance the conversion of three vacant buildings in the 300 and 400 blocks of Massachusetts Avenue in Buffalo into 11 affordable apartments for very low-income families.
Habitat for Humanity of Buffalo received a $66,500 grant to provide home ownership opportunities for seven low-and very low-income families in homes rehabilitated by the organization.
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