Governor Kathy Hochul today announced the start of a substantial $57 million rehabilitation of an affordable housing development in downtown Buffalo. Planned renovations to McCarley Gardens Apartments will improve energy efficiency and improve the overall quality of life for 149 families while keeping rents affordable.
“We are working tirelessly to develop much-needed affordable housing across New York State, and this new housing upgrade will help strengthen the Buffalo community and allow New Yorkers to live safely and sustainably. », Governor Hochul said. “Projects like McCarley Gardens Apartments are a key part of my administration’s commitment to providing modern, affordable housing and building a more prosperous future for hard-working families in Buffalo and beyond.”
McCarley Gardens Apartments is part of Governor Hochul’s sweeping plans to make housing more affordable, equitable and stable. This year, the state is on track to meet its current housing plan goal of creating and preserving 100,000 affordable housing units and 6,000 with supportive services. Governor Hochul is building on this successful effort with a proposal for a new, five-year, $25 billion housing plan that will create and preserve 100,000 more affordable homes in urban and rural New York, including 10,000 with services. Support.
The McCarley Gardens Apartments consist of 21 townhouse style buildings which were built in 1978 and are now in need of upgrades. As part of the rehabilitation project, four additional two-storey townhouse buildings will be constructed on campus.
When completed, the development will offer 27 two-bedroom apartments, 94 three-bedroom apartments and 28 four-bedroom apartments. The 149 apartments are affordable for households with an income equal to or less than 60% of the region’s median income.
The scope of the renovations will include the installation of new kitchens with upgraded appliances, fixtures, cabinets and countertops; new low-flow plumbing fixtures; and cosmetic upgrades that include new flooring and paint. Site work will include replacement of storm and sewer lines, repaving of parking areas, new sidewalks and landscaping.
To improve energy efficiency, each building will receive upgraded insulation, new windows, Energy Star qualified appliances, and high-efficiency boilers and water heaters as needed. The renovations are expected to reduce overall energy consumption by approximately 29%.
Residential amenities include free parking for residents, a playground and a 900 square foot community hall.
The McCarley Gardens campus is adjacent to the Buffalo Niagara Medical Campus and Buffalo’s central business district and will provide essential workers in Buffalo with high-quality, affordable housing options within walking distance of their workplace.
The development team consists of St. John’s Baptist Church, BFC Partners and Sinatra & Co. Real Estate. State funding includes $10.2 million in permanent tax-exempt bonds, federal low-income housing tax credits that generated $24.3 million in equity and $9 million in grants from New York State Homes and Community Renewal. The New York State Energy Research and Development Authority will provide support of $94,500. Additional financing is provided through subordinated debt and a deferred developer royalty.
UNHCR Commissioner RuthAnne Visnauskas said: “Building a more equitable New York begins with expanding access to affordable housing and the many opportunities a good home can provide. With this $57 million investment in McCarley Gardens Apartments, we are creating a healthier living environment , safer and more comfortable for 149 families, who will also benefit from lower energy bills, improved amenities and easy access to public transportation downtown. Our partnerships with Buffalo’s faith community, including St. John’s Baptist Church, have been instrumental in our efforts to provide quality affordable housing and essential amenities We are grateful for their support and to have a leader like Governor Hochul, who understands that the protection and preservation of existing housing estates are key to ending housing insecurity once and for all.
Donald Capoccia, Director of BFC Partners, said, “We are delighted to launch this critically important project today. McCarley Gardens has been an integral part of the Buffalo community for over forty years and through our partnership with St. Johns, we can ensure it continues to serve long-time residents and future families for generations to come with affordable rents. We are committed to listening to the residents of McCarley Gardens and look forward to working with them on this community project.
Doreen M. Harris, President and CEO of NYSERDA, said: “The McCarley Gardens apartment upgrades are another example of Governor Hochul’s commitment to providing low-income New Yorkers with access to affordable housing that incorporates sustainable measures – from energy-efficient appliances to building envelope improvements. building and clean solar energy – which will improve air quality and reduce costs for residents. NYSERDA is thrilled to see this project begin and demonstrate that we can retrofit our existing buildings to increase comfort and reduce emissions, as well as ensuring that new construction is climate-friendly and accessible to all New Yorkers.
Congressman Brian Higgins said: “Expanding and maintaining access to affordable housing is critically important, especially for hard-working people in Buffalo and Western New York. It’s part of a growing number of local projects using federal low-income tax credits to provide affordable, quality living options that help strengthen families and create a vibrant community.
Senator Tim Kennedy said: “New York remains committed to investing in affordable housing opportunities that are both feasible and sustainable models. I’m excited to see the full rehabilitation of McCarley Gardens move forward, and I look forward to seeing this project.” community improve the quality of life for both long-time residents and future generations.”
NYS Assembly Majority Leader Crystal Peoples-Stokes said: “The long overdue $56 million rehabilitation for McCarley Gardens in Buffalo’s Eastside will provide modernized affordable housing for city residents, serving as a shining example of New York State Homes and Community Renewal’s commitment. to revitalize our community. I applaud BFC Partners, St. John Baptist Church, Sinatra & Co, and the community stakeholders whose leadership helped make this community project a reality. »
Erie County Executive Mark Poloncarz said: “Affordable housing is essential to our economy and our community and contributes to the vitality of the downtown area. This $57 million investment in McCarley Gardens Apartments will improve and modernize these residences, located near the Buffalo Niagara Medical Campus, and also add more housing to the site while improving energy efficiency.
Mayor Byron W. Brown said: “This is an exciting project that will build on my administration’s ongoing efforts to create more attractive, safe and affordable housing in the City of Buffalo. The City is pleased to contribute approximately $1 million to the McCarley Gardens apartment project through the Buffalo Urban Renewal Agency. I thank the development team and New York State Homes and Community Renewal for their vision and investment in the expansion and modernization of this Fruitbelt housing complex.