JV Completes $14M Upstate NY Affordable Senior Housing Project
The 45-unit development is part of Governor Hochul's plans to support affordable development across the state.
Governor Kathy Hochul has announced the completion of Zion Hill Senior Apartments, a $13.5 million, 45-unit affordable senior housing development in Rochester, N.Y. A joint venture between the neighboring Zion Hill Missionary Baptist Church and Rochester Management is behind the project.
The developers broke ground on the community early last year, using federal low-income housing tax credits that generated $8.8 million in equity, and a $3.5 million subsidy from New York State Homes and Community Renewal. The City of Rochester and the Federal Home Loan Bank provided additional financing, while the New York State Energy Research and Development Authority will support the development with $45,000.
Supporting aging Baby Boomers
The community is aimed for households aged 55 and older, earning at or below 50 percent of the area’s median income. Seven of the 45 one-bedroom units are set aside for individuals in need of supportive services, which will be provided by Rochester Management. Each unit features a balcony or patio, an emergency aid communication system, LED lighting and Energy Star certified appliances. Community amenities include a fitness room, a rooftop patio, a community room and laundry facilities.
Located at 260 Dr. Samuel McCree Way, the L-shaped community is within walking distance of several bus stations. Downtown Rochester is some 2 miles northeast of the property, while Unity Specialty Hospital is less than half a mile north. Greater Rochester International Airport is some 3 miles southwest of the development.
Zion Hill Senior Apartments is part of Governor Hochul’s plans to support affordable housing development. The state official proposed a new $25 billion Housing Plan which is set to create and preserve approximately 100,000 affordable homes across New York over the next five years, including 10,000 which will have support services. A total of 6,000 units with support services have already been created.