$5.1 million in financing awarded for Milton Meadows Apts in the Town of Lansing, a project of RCG and Providence Housing

May 17, 2018

Governor Andrew M. Cuomo announced Thursday, May 10, 2018, that nearly $17 million has been awarded to three affordable housing developments in the Southern Tier, including $5.1 Million for a development to be built on the town center land across the street from the Lansing Town ball fields, that will create 202 affordable homes. The funding is part of more than $200 million the state is awarding to build or preserve more than 2,800 affordable apartments across New York's 10 regions, revitalize communities, and generate $1.1 billion in economic activity.

"This investment is a significant milestone in New York's $20 billion housing and homelessness plan, and a giant step forward in our efforts to increase access to homes for families, seniors and our most vulnerable men and women across the state," Cuomo said. "These resources will help the region build affordable, stronger, better neighborhoods for our residents for generations to come."

$5.1 million in financing was awarded for Milton Meadows Apartments in the Town of Lansing. The 72 affordable units for low to moderate individuals and families will be built in an area that has low poverty and access to strong schools. The development is composed of nine two-story buildings on vacant land in the new Town Center, a 156-acre area across from the existing Town Hall, Library, and Community Center. It will be built to meet the NYSERDA Low Rise Construction Program and Leadership in Energy and Environmental Design Silver standards.

"It's going to be 72 units, and their first priority is disabled veterans," said Lansing Supervisor Ed LaVigne. "Our disabled veterans need to apply.  We will try to get the information out to them as soon as possible.  This Town Supervisor loves our veterans every day.  I'm willing to put forth whatever it takes to give them a safe place to live."

The 72 affordable for low to moderate individuals and families will be composed of nine two-story buildings

LaVigne says the Town is currently working on a solution to align Woodsedge Drive to a new road across Route 34B to create a four way intersection.  The new road will be built by the developer to town specifications, then dedicated to the Town once complete.  LaVigne says NYS Senator Pam Helming secured a commitment letter from NYSEG that guarantees enough electricity will be available for the project.

The funds were available through New York State Homes & Community Renewal's 2017 Unified Funding Application, a streamlined process to apply for Low Income Housing Tax Credits and low-interest loans for affordable, multifamily developments. Projects are funded in every region of the state.

Read the rest of the article at: http://www.lansingstar.com/news-page/14898-cuomo-announces-5-1-million-in-financing-for-lansing-development

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