Affordable, Energy-Efficient Development Helps Seniors Remain Independent
Greece, NY, July 20, 2016 – (RealEstateRama) — Rochester’s Cornerstone Group, Ltd., New York State Homes and Community Renewal, PathStone Corporation, Community Preservation Corporation, and partners today announced the opening of Long Pond Senior Housing, the first phase of a 120-unit housing development in the Town of Greece that provides 54 one and two-bedroom apartments with support services to help income-eligible and frail seniors remain independent.
Family Service Communities provides services such as case management, meals, housekeeping, and laundry service to residents.
James S. Rubin, Commissioner of New York State Homes and Community Renewal said, “Governor Andrew Cuomo is committed to investing in supportive housing like Long Pond so that people can live independently in their own homes. Long Pond Senior Housing offers seniors the opportunity to live comfortably in high quality energy-efficient apartments they can afford.”
Long Pond Senior Housing Developer Roger Brandt noted “We are pleased to have worked with PathStone Development Corporation and Family Service Communities. This rental community for our seniors is having a positive impact on the lives of many families in the Town of Greece”.
Stuart J. Mitchell, President/CEO at PathStone Development Corporation, said, “PathStone Corporation is delighted to have partnered with Rochester’s Cornerstone Group, Ltd. and Family Service Communities, a licensed enriched housing provider, to develop the Long Pond Senior Housing. This project provides a safe and affordable home for 54 senior citizens. Through our pioneering partnership with Family Service Communities, 30 senior citizens receive special direct personal care and case management services that will allow frail elderly to remain in their home.”
Long Pond Senior Housing has achieved the prestigious designation of LEED for Homes Gold status which recognizes the outstanding efficiency and sustainability of our building. Residents will benefit from the quality design and constructions, as well as Energy Star appliances and green features, such as low flow fixtures, to enhance the overall quality of living at Long Pond Senior Housing.
Funding was made possible by New York State Homes and Community Renewal’s Housing Trust Fund and Low Income Housing Tax Credit programs, Monroe County, the Town of Greece, The Community Preservation Corporation, RedStone Equity Partners, private equity and NYSERDA. The Rochester Housing Authority is providing 45 Section 8 Vouchers to support the incomes of many of the senior residents.
Matthew Albright, Chief Executive Officer of Family Service Communities, said “Family Service Communities is excited to offer low income enriched housing in Greece, New York. This service will improve the quality of living for seniors in the community keeping them independent and healthy. We could not offer this crucial service without the support of our partners, Cornerstone and Pathstone. We look forward to offering additional services and supports in the future.”
About New York State Homes and Community Renewal
New York State Homes and Community Renewal (HCR) includes the Affordable Housing Corporation, the Division of Housing and Community Renewal, the Housing Finance Agency, State of New York Mortgage Agency, Housing Trust Fund Corporation and others. 2016 marks the fourth year of Governor Cuomo’s $1 billion statewide House NY program, whose goal is to create or preserve 14,300 affordable units by 2018. In 2015, HCR set a record for financing the creation or preservation of more than 11,000 affordable homes and apartments and was the #1 bond issuer in the nation with $2.5 billion issued. The agency stands ready to make good on the Governor’s new $10 billion 100,000 unit House NY 2020 commitment. For more information on HCR programs and initiatives, please visit: http://www.nyshcr.org/
