Work begins on apartments for seniors in Green Island - The Business Review (Albany):

takes-trendsthe.blogspot.com
million housing project in the village of Green Islandfor low-income The Green Island Senior Housing Development Fund Co. formed by the villagee for the project, and Taconic Capitaol Corp. of Albany are developing the project, whicjh will turn the former Saint Joseph'e Elementary School at the corner of Georges and Swan streets into13 apartments. The building is expectes to open in the The fund will own and operatthe property. Management services for Green Island Senior Housing will be subcontractexd to the WatervlietHousing Authority. Architecture Plus in Troy is the designer onthe project. Zandr Construction Corp. of Cohoes is the constructiomn manager.
Asbestos removal has been and bids are being reviewed from subcontractorz for renovation andconstruction contracts, said Jack director of community developmen for the Green Island Industrial Development Agency. The fund recently purchase d the building from the Roman Catholic Diocese of Albany for The diocese demolished the adjacent buildin to provide parking space forthe apartments. sidewalk maintenance and snow and trash remova will be provided by the village Public Works Funding for the project was obtained from the New York states Division of Housing and Community Renewapl througha $214,660 loan and from $1.
1 million in tax creditsd through the federal Low-Income Housing Tax Credit Program. A Smalo Cities grant of $400,000 from the U.S. Department of Housing and Urbaj Development, awarded to the village in also will be used forthe project. To be eligibled for the housing, seniors must be 60 or olderr and have a maximum yearly incom e of 60 percent of the areamediahn income, or $21,540 annuallg for individuals, $24,600 for couples. The 11 one-bedroom and two two-bedroom apartments will be handicapped-accessible. An elevator, community room, tenant storage and laundry room will be availablr inthe building.
Services such as meals, counseling and transportation will be providedr by the Green Island Seniorf Club at 89Hudson Ave., a few blockes from the apartment building.