SYRACUSE, N.Y. — Governor Kathy Hochul announced $271 million for housing boards and subsidies in Central New York on Monday.
- $99 million for Jensen Avenue Apartments in Syracuse — The first phase of a three-phase development that includes affordable and market-rate rental units, as well as homeowner-occupied townhomes. The 261 apartments in this phase will be affordable to households earning up to 80 percent of the Area Median Income. The development will be built on the site of the former Syracuse Developmental Center, a formerly state-owned psychiatric hospital that is now vacant. Developed by Albanese Development Corporation.
- $172 million for East Adams Phase 1 and Phase 2 in Syracuse — The first and second phases of a multi-phase redevelopment that will create approximately 1,500 homes and transform the East Adams neighborhood of Syracuse. The 257 apartments in these two phases will be affordable to households earning up to 60 percent of the Area Median Income. Developed by McCormack Baron Salazar.
Groundbreaking on the East Adams redevelopment project began in early December. The mixed-use housing unit will be called “The Langston” for late Syracuse Judge Langston McKinney.
The funding is part of $2 billion that was awarded to 24 housing developments across New York State…