Phase 3 of a major re-development in Southwest Rochester, consisting of 32 single family rental homes built on scattered sites.
Location: Southwest Neighborhood in the City of Rochester
Ownership Entity: Olean Housing III, LLC
Project Type: Affordable Multi Family Homes
Number of Units: 32
Project Cost: $7.4 million
Cornerstone’s Role: Developer & Owner
Funding Sources: Federal Housing Tax Credits, NYS Housing Trust Fund, Private Equity
Completion: 2009