This 54-unit supportive housing rental community serves Low-Income seniors in Greece, New York. The Project meets New York State’s Medicaid Redesign Team’s goals by expanding lower cost community-based supportive housing alternatives to high cost Medicaid paid nursing home or emergency room care.
Location: 1 GBC Parkway, Greece, NY. Adjacent to 1230 Long Pond Rd, Greece, NY
Completion: 2015
Number of Units: One 54-unit building consisting of one-and- two-bedroom apartments
Project Type: Affordable Multi Family Homes
Project Cost: $11 million
Cornerstone's Role: Developer/Owner & Property Manager
Funding Sources:
Federal Low-Income Housing Tax Credits, HTF, County HOME, CDBG, Private Equity