Syracuse, N.Y. – A Syracuse nonprofit plans to break ground this year on a $31 million housing development that will bring 52 new affordable apartments to scattered sites on the South and Southwest sides of the city.
Gov. Kathy Hochul today announced critical state funding for the project known as Creekside Landing. The Syracuse project is one of 27 funded around the state for a total of $875 million.
Syracuse nonprofit Housing Visions will fund its project with a combination of low-income housing tax credits, grants and loans from the state, said Ben Lockwood, president and CEO. In addition, the city of Syracuse is providing $5 million and private investors will supply about $14 million, he said.
The biggest single piece of the development involves renovation of a vacant three-story building at 416 W. Onondaga St. into a combination of offices and apartments.
The ground floor will house a workforce training office run by Jubilee Homes, plus other office space. The upper two floors will include 20 one-bedroom apartments that will rent for between $630 and $728 a month, Lockwood said.
The project also includes 16 two-family homes at scattered vacant lots: two in the 300 block of Shonnard Street; two in the 500 block of West Colvin Street; two in the 200 block of West Beard Avenue; five near the intersection of Beard and Midland Avenues; and five near the intersection of Midland Avenue and West Colvin Street.
The duplexes will have three- or four-bedroom apartments. Rents will range from $520 to $1,400, Lockwood said.
Tenants must qualify by income for all the apartments, Lockwood said. Some units will be reserved for very low-income tenants; others will be rented to moderate-income tenants.
In keeping with recently passed legislation, the apartments will contain all-electric appliances and will be heated with air-source heat pumps.
Housing Visions hopes to break ground in the fall, Lockwood said. It should take about 18 months to complete the project.
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