Construction is now underway on an affordable housing development in the JOSANA Neighborhood in Rochester. The $12 million development will create 46 homes for big families.
They’ll feature discounted internet service, a computer lab and outdoor patio space.
Rents will range from $595 to $973 a month. The first group of tenants will move in by the end of May.
Background on the project from the governor’s office
The Governor’s commitment to providing all New Yorkers with access to safe, affordable housing is reflected in the State’s unprecedented $20 billion, five-year Housing Plan. The plan makes housing accessible and combats homelessness by building and preserving 112,000 units of affordable housing, including 6,000 of supportive housing. The plan is a comprehensive approach to statewide housing issues and includes multifamily and single-family housing, community development, and rent stabilization.
Stadium Estates II will primarily serve large families with 11 two-bedroom units; 23 three-bedroom units; 7 four-bedroom units; and 5 five-bedroom units. The rental homes will serve households with incomes below 60 percent of the area median income. Rents will range from $595-$973 a month.
Building amenities include access to discounted broadband internet service, Energy Star laundry facilities, air conditioning, dishwashers, a computer lab and outdoor patio space.
New York State Homes and Community Renewal provided $2.4 million in financing for the development in the form of a subsidy from HCR’s Housing Trust Fund. HCR’s annual Federal tax credit allocation generated more than $8.5 million in equity. The development also received $700,000 from the City of Rochester’s HOME program and $54,000 from the NYSERDA.