The following is a news release.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas today announced the completion of a $17 million rehabilitation of the Hornell Community Apartments. The 147 scattered-site homes constitute the entire portfolio of the City of Hornell Housing Authority. The apartments are being redeveloped under HUD’s Rental Assistance Demonstration program, which allows housing authorities to access private financing to meet capital needs while also protecting long-term affordability.
Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “The rehabilitation of the Hornell Community Apartments will improve the standard of living for the individuals and families who call this development home. Governor Cuomo’s $20 billion housing plan is bringing much-needed public and private investment to public housing across the state to preserve this crucial source of affordable housing for New Yorkers. The renovations to these 147 homes will bring new energy to the City of Hornell’s economy and keep the Southern Tier Soaring.”
Governor Andrew M. Cuomo’s commitment to strengthening communities and growing the Southern Tier economy is reflected in Southern Tier Soaring, the region’s comprehensive blueprint to generate robust economic growth and community development. The State’s investment in the Hornell Community Apartments complements the Southern Tier Soaring initiative by preserving affordable housing opportunities in areas with access to jobs and services. Since 2011, HCR has financed the creation or preservation of nearly 2,000 affordable multifamily homes in the Southern Tier.
The Hornell Community Apartments consist of three multifamily complexes and nine scattered-site single-family homes. In total, there are 24 residential buildings, three community buildings and one administrative building. The multifamily buildings were originally constructed between 1971 and 1976. In partnership with the City of Hornell, the single-family homes were built between 1991 and 1996.
Rehabilitation work included updating select kitchens and bathrooms, new smoke detectors, new entry doors, new windows, new finishes, paint and flooring, and roof replacement, as needed. The community buildings and 24 one-bedroom apartments were reconfigured to allow for greater handicap accessibility.
The renovations incorporated energy-efficient design features including LED and EnergyStar lighting, EnergyStar appliances, low flow plumbing fixtures, high efficiency boilers for single-family homes and highly efficient tankless hot water heaters in one of the multifamily sites. All windows were replaced with new EnergyStar models and insulation was improved at three buildings.
New York State Homes and Community Renewal allocated Federal Low Income Housing Tax Credits that generated $4.95 million for the project and awarded $4.85 million in subsidy from the Public Housing Preservation Program. The Federal Home Loan Bank of New York provided a grant. All 147 apartments will be covered under a new, Project-Based Section 8 Housing Assistance Payment through the HUD RAD program.
Edgemere Development served as consulting developer on the project.