Syracuse Housing Authority on Dec. 18 is set to close on financing for the second phase of the redevelopment of public housing on Syracuse’s Southside.
SHA is redeveloping 672 distressed public housing units across Pioneer Homes and McKinney Manor with McCormack Baron Salazar, the Missouri-based developer in charge of redeveloping public housing in Syracuse. They will also build an additional 732 apartment units. The redevelopment of public housing, valued at about $1 billion, is stretched across several phases.
SHA hopes to house current residents while drawing in new residents who pay market-rate rents…