New York: Affordable Housing Development in Syracuse

Governor Hochul Announces Completion of $17 Million Affordable Housing Development in Syracuse

New York (STL.News) Governor Kathy Hochul announced the completion of a $17 million affordable and supportive housing development in Syracuse.  Supported with funding from New York State Homes and Community Renewal, Star Park Apartments offers 50 newly constructed homes with 30 supportive units reserved for adults who have experienced homelessness.

“Supportive housing is a crucial component in our efforts to reduce homelessness and ensure all New Yorkers have access to a safe, affordable place to call home,” Governor Hochul said.  “Star Park Apartments provides its tenants with the stable, supportive environment they need to live independently while addressing the underlying causes of their housing insecurity.  These developments, like many others occurring in Central New York and across the state, reaffirm our commitment to making affordable housing a reality for all New Yorkers.”

Located on State Fair Boulevard, the three-story Star Park Apartments includes 40 one-bedroom units and 10 two-bedroom apartments -all reserved for individuals and families earning at or below 60 percent of the area median income. Building amenities include a common room with kitchenette and laundry facilities on each floor.

Developed by CSD Housing and Helio Health, the apartments include 30 supportive units reserved for adults who have experienced homelessness.  Services provided by Helio Health include on-site counseling by psychiatrists, credentialed alcoholism and substance abuse counselors, and social workers.

The development is within walking distance of a grocery store, convenience stores, pharmacy, public library, church facility, bank and several bus routes.  Energy efficient features include Energy Star heating equipment, low-flow plumbing fixtures, and low-emitting materials for paints and sealants.

State financing for Star Park Apartments included $10.8 million in permanent tax-exempt bonds and $7.2 million in subsidy from New York State Homes and Community Renewal.  The New York State Office of Mental Health provided construction capital, grant funding and an annual debt service payment.

Star Park Apartments is part of the state’s unprecedented $20 billion, five-year Housing Plan.  The plan makes housing accessible and combats homelessness by building or preserving more than 100,000 affordable homes and 6,000 with supportive services.