City, nonprofit open doors on $15.9M in new affordable housing
The
About 50 people, including residents, project developers, public safety officials and politicians, gathered at the senior building Tuesday afternoon for brief speeches, a ribbon-cutting ceremony, a reception and informal tours of two vacant apartments.
"It's home," she said. "The kids love having their own place."
The senior building and the
"It has potential of being a stable building block for this area of the city," Rafter said.
Otsego County Rep.
"It meets a real need," she said after Tuesday's ceremony.
A flyer for
The 40-unit senior building offers a community gathering area, kitchen and laundry facilities for tenants, along with an on-site property management office. About 15 units remain available to rent, officials said Tuesday.
Other speakers Tuesday included state Sen.
Speakers applauded the assistance from Gov.
Housing Visions developed the plan with the state, the city of
The project was supported by a
Housing Visions, a nonprofit development, construction and property management company, grew from a community-based effort in 1990 to rehabilitate and stabilize a declining neighborhood in
The buildings were designed to be architecturally compatible with the neighborhood, developers said, and energy-efficient designs and appliances were used.
"The ever-rising costs of living often leave people on fixed-incomes, like our senior citizens, struggling to keep pace with rent, health care and other necessities," according to D'Agostino, vice president and mortgage officer at the
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