Work Begins on Seniors Housing in Suburban Rochester
- Oct 21, 2014
Greece, N.Y.—Ground has been broken on Long Pond Senior Housing, an affordable supportive seniors housing development in the town of Greece, a suburb of Rochester, N.Y. When the first phase is complete, the property will include 54 one- and two-bedroom units.
Rochester’s Cornerstone Group Ltd. and PathStone Corp. are the development partners for the project. The units will be available to residents 55 and older who qualify under certain income guidelines. Another 120 units are planned for a later phase, which will share a courtyard with the first phase.
Family Service Communities will provide services to the residents in a Department of Health licensed enriched living facility on the property. Under the arrangement, residents will receive direct personal care and case management services that will allow frail elderly to remain in their homes.
The property’s location is north of Ridge Road on Long Pond Road, adjacent to the Greece Baptist Church. The church owns the land on which the project is being built.
Funding was a complex mix of sources, including the New York State Homes and Community Renewal’s Housing Trust Fund program, Monroe County, the Town of Greece, the Community Preservation Corp., 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.