New construction of 91 single family rental homes and a community building/leasing office built on scattered sites in the JOSANA neighborhood in Northwest Rochester. This development furthered numerous goals outlined in the JOSANA master plan, adopted by the City in 2011.
Location: JOSANA neighborhood in Northwest Rochester
Completion: 2015 (Phase I) and 2019 (Phase II)
Number of Units: 91 total units – 45 units in Phase I and 46 units in Phase II
Project Type: Affordable Housing Single Family Homes
Project Cost: $11 million (Phase I) and $13 million (Phase II)
Cornerstone's Role: Developer/Owner & Property Manager
Funding Sources:
Federal Low-Income Housing Tax Credits, Private Equity, NYS Housing Trust Fund, City HOME, FHLB of New York