Home Leasing, a family-owned developer in Rochester, intends to end its operations– selling the vast majority of its portfolio to a Philadelphia-based firm.
The move would end a 20-year-run for the low-income housing firm, which is wrapping up development of Harper’s Corner on East Main Street in Rochester and in the midst of a Beechwood Family Apartments in the city’s northeast neighborhood.
Earlier this week, the County of Monroe Industrial Development Agency unanimously approved transferring tax abatements for two properties — Penfield Square in Penfield and Tailor Square in Rochester — to Contour Holdings 3 LLC, an affiliate of Pennrose Holdings…