New Trolley Station Apartments Offer Energy-Efficient Units For Low-Income Residents
Project Complements Finger Lakes Forward, Region’s Successful Upstate Revitalization Initiative To Grow The Economy And Create New Opportunities
New York – (RealEstateRama) — Governor Andrew M. Cuomo today announced the grand opening of the $14.4 million Trolley Station Apartments in Canandaigua, Ontario County. The 48-unit supportive housing development, operated by DePaul Community Services, offers residential based services for low-income individuals and residents with behavioral health issues.
“The Trolley Station Apartments will provide some of our most vulnerable New Yorkers in the Finger Lakes a chance to live a life of dignity and independence,” said Governor Cuomo. “The completion of this project brings us one step closer to ensuring that every New Yorker has the opportunity to have a safe, decent and affordable place to call home.”
Located at the intersection of County Route 28 and Parkside Drive in Canandaigua, the newly constructed Trolley Station Apartments feature 26 units designated for individuals with behavioral health issues and another 22 units available to low-income individuals and families who qualify. The 49,090 square-foot building also features a lobby, reception and security station, community room, kitchen and a central courtyard.
The Trolley Station Apartments offer mostly one-bedroom units with four two-bedroom units available, including 12 apartments that are handicapped accessible. In addition, individuals who require behavioral health services will receive comprehensive support provided on-site by DePaul Community Services to assist residents with household management skills. Residents will receive support through medical, educational, vocational and social services.
The New York State Office of Mental Health provided a $150,000 Program Development grant, approximately $2.5 million in interest-free construction financing, and over $300,000 in funding to support annual service and operation expenses. Additional support was provided by New York State Homes and Community Renewal with $441,657 in Low Income Housing Tax Credits.
New York State Office of Mental Health Commissioner Dr. Ann Sullivan said, “Trolley Station is a welcome addition to wide array of services the Office of Mental Health supports in the Finger Lakes. Housing does make a difference. A secure environment with easily accessible behavioral health services can help put individuals on the road to recovery while allowing them to remain involved in the communities they love.”
New York State Homes and Community Renewal Commissioner James S. Rubin said,“Affordable, supportive housing helps people succeed independently in their communities. Trolley Station joins other developments like Veterans for Canandaigua and Cadence Square that illustrate Governor Cuomo’s commitment to meeting a need for quality homes and services in the area, and HCR happy to celebrate this new housing asset in the Finger Lakes.”
The Trolley Station Apartments feature a rooftop solar system and free-standing solar panels to improve energy efficiency throughout the housing development. To offset the cost of panel installation, New York State Energy Research and Development Authority provided $33,350 in funding through the NY-Sun program. The project also received $119,946 in New York State Solar Tax Credits. The solar panels are expected to save more than $16,000 annually by providing the housing development with 58 percent of its overall electricity consumption.
New York State Energy Research and Development Authority President and CEO John B. Rhodes said, “It is a pleasure to see Trolley Station Apartments join tens of thousands of other homes and buildings in New York State that have added solar energy through Governor Cuomo’s NY-Sun initiative. Solar energy protects the environment and creates jobs while supporting Governor Cuomo’s Reforming the Energy Vision, a strategy to build an energy system that is clean, resilient and affordable for all New Yorkers.”
The affordable housing project also received $6.5 million in tax-exempt bond financing from the New York State Housing Finance Agency, with an additional $3.25 million Medicaid Redesign Team subsidy, and a $4.2 million equity investment from First Sterling.
DePaul President Mark H. Fuller said, “DePaul is pleased to be a community partner in meeting the need for quality affordable housing options in Canandaigua and throughout New York State. We wish to thank Governor Cuomo and the State for providing DePaul with the funding that has made this project a reality. We are so proud to be part of the Canandaigua community. The DePaul Trolley Station Apartments are an example of progress and partnership in action.”
Senator Michael F. Nozzolio said, “Trolley Station Apartments is an important development that will help address the need for safe, affordable housing in Canandaigua and the Finger Lakes. Thank you to Governor Cuomo for supporting this new housing asset in Canandaigua, and congratulations to the residents who will call Trolley Station home.”
Assembly Minority Leader Brian M. Kolb said, “This is an exciting and important project for Canandaigua and the surrounding community. This endeavor provides modern apartments while offering essential services and programs that improve the quality of life for residents. It’s a great example of a public-private partnership that brings lasting and meaningful benefits to our region.”
As part of the $20 billion initiative included in the 2016-17 Enacted Budget, Trolley Station is an example of housing solutions created to combat homelessness and expand access to affordable housing in New York State. Yesterday, Governor Cuomo directed New York State Division of the Budget Director Robert Mujica to execute a memorandum of understanding to release $2 billion in funding to advance the creation of more than 100,000 units of affordable and supportive housing over the next five years. The executed agreement is now before the New York State Senate and Assembly for action.
Accelerating Finger Lakes Forward
Today’s announcement accelerates “Finger Lakes Forward,” the region’s blueprint to generate robust economic growth and community development. The State has already invested more than $3.4 billion in the region since 2012 to support its plan – investing in key industries including photonics, agriculture and food production, and advanced manufacturing. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in.
Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment will incentivize private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 8,200 new jobs. More information is available here.
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