Half of the units are reserved for individuals who have faced homelessness.
DePaul, along with Finger Lakes Area Counseling and Recovery Agency, Person Centered Housing Options and the Rochester Interfaith Development Corp., has opened True North Apartments, a 70-unit affordable housing community in Rochester, N.Y.
The project represents a $39 million investment and is part of New York’s $25 billion five-year Housing Plan. The Community Preservation Corp. provided a $19.1 million construction loan.
Other financing for the project included nearly $20 million in LIHTC equity, $10.5 million in HCR subsidies, $5.5 million from the state’s Homeless Housing and Assistance Program and a $750,000 HUD HOME grant through the city of Rochester…