BUFFALO, N.Y. (WIVB) – A collaborative effort to provide affordable housing in Buffalo’s Fruit Belt proved successful Monday.
Governor Andrew M. Cuomo announced the completion of 49 townhomes near Buffalo Niagara’s Medical Campus. The $15 million project outfitted 17 buildings with two, three and four-bedroom townhomes with monthly rent of $500, $550 and $600 respectively.
St. John Fruit Belt Community Development Corporation headed up the building project. Cuomo said the project is a boon to Buffalo both visually and economically.
“This is another example of the ongoing renaissance in this region and yet another reason why Buffalo is truly a city on the move,” he said.
Minister Michael Chapman, CEO of the St. John Fruit Belt Corporation, said the project is a continuation of the corporation’s $500 million “East Side Development Project.”
Funding for the project came from several sources including $10 million from New York State Division of Homes and Community Renewal’s Low Income Housing Tax Credits, along with $2.4 million from New York State’s HOME program. Buffalo also provided $2.75 million in its allocated HOME funds.
“The completion of this project exemplifies the best in state and local partnership – rejuvenation, revitalization and reinvestment and the community emerges a winner,” State Senator Mark Grisanti said. “This is yet another building block in the resurgence of the area.”