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What you need to know for 08/17/2017

Amsterdam housing complex upgrades get state funding

Amsterdam housing complex upgrades get state funding

New windows, heating systems and other upgrades are in store for an Amsterdam apartment complex that

New windows, heating systems and other upgrades are in store for an Amsterdam apartment complex that’s in line for $11 million of improvements supported by state funding.

The Woodrow Wilson Townhouse complex will receive $3.5 million in help toward renovations as part of $23.7 million in affordable housing awards announced last week by the office of Gov. Andrew Cuomo.

Roughly 400 people call the 100-unit Woodrow Wilson town houses home. The small neighborhood was built in the 1970s under a federal program aimed at providing sufficient affordable housing.

“It needs a reinvestment at this point in time,” said Duncan Barrett, Chief Operating Officer at Albany-based Omni Housing Development LLC., the facility’s owner.

Barrett said the state is providing tax credits and low-interest financing for the project.

The rehabilitation project in Amsterdam is one of only 10 projects approved for help statewide through the state office of Homes and Community Renewal’s Early Award competition directed toward multi-family rental projects.

In Albany, Sheridan Hollow Village will get $3.6 million to create 57 rental units from 17 buildings.

The Cohoes-Lion Heart Residences in Cohoes is another project receiving funding. A total of $3.4 million will be put toward building 72 housing units for people with developmental disabilities, according to the governor’s news release.

In Amsterdam, in addition to windows and heating systems, the 100 town house-style apartments will receive kitchen and bathroom renovations and new roofs.

Landscaping will be spruced up as will the parking lots, and the facility will receive new insulation.

The energy efficiency upgrades are expected to cut the facility’s energy usage by 20 percent, according to the governor’s announcement.

“Expanding the availability of affordable housing is an essential part of our mission to make New York’s communities stronger and healthier,” Cuomo said in the release.

The project support, to be administered by the state Homes and Community Renewal Office, supports two goals: Maintain existing housing and spur economic growth.

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