Lawrence Avenue Apartments was constructed in the late 1970s. The mixture of senior and family residents enjoy the apartments which have been completely renovated utilizing tax-exempt bond financing coupled with housing tax credits. The project now has a solar electric generation component which takes advantage of the latest technology.
Location: 3 Debra Drive Potsdam, New York
Completion: July 2020
Number of Units: 137
Project Type: Family Project, Rehabilitation
Project Cost: $20,946,421
Cornerstone's Role: Co-Developer & Co-Owner
Funding Sources:
St. Lawrence County Tax-Exempt Bonds, Low Income Housing Tax Credits, Investor Equity; NYSERDA