A six-story, 67-unit apartment building earmarked for senior housing — being built in Stapleton with $1.5 million in state funds — will be complete early next year, according to the state.
The project — designed to help fill the void of affordable senior housing in the borough — is being financed by low income housing tax credits, and it was part of $95 million in awards that Gov. Andrew Cuomo announced in 2014.
“Every New Yorker deserves a safe, decent and affordable place to call home,” said Cuomo.
“We’re building on the over $1 billion we’ve already invested to make that dream a reality. By removing barriers, streamlining the application process for communities and combining private and public resources, these projects can begin right away, creating jobs and providing the affordable housing New Yorkers deserve,” he added. The funds were available through New York State Homes & Community Renewal (HCR)’s Unified Funding Application, a single-source process to apply for several funding streams for affordable, multifamily developments. In total, during the Unified Funding process, HCR is making awards to 37 separate projects in each of the state’s 10 economic development regions.