WSYR - TV
March 9, 2017
CORTLAND, N.Y. (WSYR-TV) - Gov. Andrew Cuomo announced on Thursday the grand opening of the $7.5 million Riverview Apartments development in the City of Cortland.
The two-story, 39-unit building provides affordable housing for low-income families and for individuals in need of behavioral health services.
Riverview Apartments, located at 6-10 Riverview Avenue in a newly constructed 17,306 square-foot building, was development by Catholic Charities of Cortland County and Christopher Community Inc.
The new apartment building includes 19 units for low-income individuals and families.
Twenty units will be occupied by residents receiving emergency support through Catholic Charities and behavioral health services, including case management, peer support, and linkage to home health providers.
Funding for the project included:
- $3.4 million in Low Income Housing Tax Credits through Enterprise Community Investment;
- $3.5 million loan from the Community Preservation Corporation;
- $476,288 from the New York Housing Plan Fund
Annual financial support for building operations and building operations debt service on the CPC loan from the New York State Office of Mental Health.
The building includes a central entrance with round-the-clock monitoring, a community room with kitchen, and offices for management and support services.
The apartment building is also equipped with an elevator and laundry rooms on each floor, and space for outdoor parking. All apartments are handicapped accessible.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, "There is no one-size-fits-all approach to attacking the housing crisis across the State. My colleagues and I at HCR are committed to working with our public, private and not-for-profit partners to deliver on Governor Cuomo’s mandate to provide better access to more affordable and supportive housing to New Yorkers in need. Riverview Apartments will enhance the quality of life for its new residents while strengthening the community. Welcome home!"