TCAP Funds Help to Save Kemble Square in Utica
Dignitaries gathered recently in Utica for an event to mark much needed rehabilitation and new construction at Kemble Square, which will provide affordable housing for very low-income and formerly homeless families and individuals.
Brian Lawlor, Commissioner of DHCR and President/CEO of 'nyhomes' joined US Congressman Michael Arcuri, NYS Assemblywoman RoAnn Destito, Utica Mayor David Roefaro as well as representatives of US Senators Chuck Schumer and Kirsten Gillibrand for a ceremonial groundbreaking.
Renowned not-for-profit developers Housing Visions Unlimited hosted the event and are heading up the project, which received more than $5 million worth of Low Income Housing Tax Credits from DHCR, as well as $3.8 million from the agency through the Tax Credit Assistance Program (TCAP).
Lawlor said, "Kemble Square is one of the many affordable housing developments throughout the state that were stalled because of the economic downturn. TCAP funding from DHCR has helped to save Kemble Square, as well as 45 other worthwhile projects that will provide New Yorkers with more than 4,500 units of affordable housing."
The Kemble Square project will take place along the 1200 and 1400 Block of Kemble St., the 700 Block of Noyes St., and 100 Block of Hobart St in the Cornhill neighborhood of Utica. Housing Visions acquired 10 properties, which included seven buildings and four vacant lots. The project will include the substantial rehabilitation of four buildings, demolition of three buildings, and construction of four new buildings. The first floor of one of the rehabilitated buildings will provide an on-site management office and a tenant community space with a laundry facility and computer lab. The project will also adhere to DHCR's Green Building Initiative and Energy Efficiency requirements.
Housing Visions will manage the units, which will be available to families whose income is 60% or below the Area Median Income. Six units will be set aside for qualified veterans at risk of becoming homeless with supportive services through the Syracuse VA Medical Center. Housing Visions estimates the project will retain or create 26 jobs.
Last Updated: 06/21/10