Posted on 01/17/2025 3:49:27 AM PST by AbolishCSEU
Governor Kathy Hochul announced that construction is underway at Town and Country Apartments, a 256-unit affordable housing complex in Binghamton. The $94 million rehabilitation project will modernize the 22-building garden-style development, fully electrify its infrastructure, and improve energy efficiency by 20%.
The project is part of Hochul’s five-year, $25 billion Housing Plan, which aims to create or preserve 100,000 affordable homes across New York State, including 10,000 with support services for vulnerable populations. The initiative complements efforts by New York State Homes and Community Renewal (HCR), which has financed over 1,260 affordable housing units in Broome County in the past five years.
The apartments, reserved for households earning 60% or less of the area median income, will receive upgrades such as new flooring, windows, appliances, and electrical fixtures. Exterior renovations include roof replacements, concrete and asphalt repairs, updated landscaping, and environmental remediation. All units will be equipped with ENERGY STAR® appliances to promote sustainability.
“This $94 million investment is preserving an important part of the Binghamton community while ensuring 256 households have an affordable, safe, and sustainable place to call home for years to come,” said HCR Commissioner RuthAnne Visnauskas.
The development’s funding includes $70.9 million from HCR’s Multifamily Preservation Program and $16 million from the State Low Income Housing Tax Credit Program. Additional support includes a $3.2 million subsidy loan from HCR’s Clean Energy Initiative and $3 million in American Rescue Plan Act funding from the city of Binghamton.
(Excerpt) Read more at fingerlakes1.com ...
Because it will be "electrified" they will pump in insulation to the point where no air circulation takes place and the tenants will soon be sueing for "black mold."
Just had a nutcase this past summer apply for one of my apartments coming from a brand new gov't backed "affordable" complex near Ithaca complaining of "black mold."
Check out the google reviews for Vesta Corporation (another BlackRock)!
What’s she planning on doing? Installing illegals?
Or is she doing someone a favor with that kind of money?
Or both.
And how much are they kicking back to her?
sorry correction $367K for each apartment, but STILL!
Downtown Binghamton has been a Detroit style war zone for decades. I’m not sure even Gov Jokel can make it worse.
What I find fascinating are “nice” places like Canandaigua and Watkins Glen, whose leaders are excited about what amounts to turning their towns into section 8 ghettos.
And speaking of Ithaca’s low income housing, you talking about their Asteri shooting gallery?
https://m.facebook.com/story.php?story_fbid=pfbid0yfdQJo5DCEXeGbr5XEAprKQpSU6tG6u2KypeHnga9oxq2sbWGnbENB24E1c1F6FHl&id=100071428274254
what happeneds when you have complete rat control
“ The apartments, reserved for households earning 60% or less of the area median income,”
Some chainsaw math.
Median household income in Binghamton is $30,300. Sixty percent of that is $18K.
Minimum wage is $15.50 or $31K annually.
This complex will be completely occupied by layabouts and single mothers. I’ve seen this story play out before.
EC
rat control=democrat free zone.
Actually it is part of Ithaca Neighborhood Housing Services in Seneca Falls. Built in 2017; 3 bdrms go for $600 to $700 which is about half of the market rate.
This lady was early thirties with two kids in tow WHO WERE WEARING WINTER BOOTS ON ONE OF THE HOTTEST DAYS OF SUMMER. She brought her mommy to waddle around and ask if there is any flooding in the area “does this place flood?” Since her daughter said she gets migraines all the time and can’t work due to “black mold” ™ in her current brand new apartment.
She literally stood in the middle of the living room at the showing and stared blankly and acted dazed and confused. I think she was trying to get “vibes” from the apartment.
The single mom moves in and then moves in criminal baby daddy after criminal baby daddy.
And all those Gen Zs who refuse to work full time as it disrupts their “work/life balance” ™
But yeah mostly single moms who can’t say NO.
Communism always fails.
$356,000 per apartment.
While flipping a house for $10K is done all the time.
I would like to know what she considers “affordable” on Social Security pay?
"As of 2010, Binghamton's racial makeup was 77.6% White, 11.4% Black or African American, 0.3% Native American, 4.2% Asian, 0.04% Pacific Islander, 2.0% from other races, and 4.4% from two or more races. 6.4% of the population were Hispanic or Latino of any race."
Renovate all they want. It won’t do much good as many inhabitants don’t clean up after themselves, don’t take out the garbage, etc. and continue to live in their own created squalor.
That would be the lipstick on a pig routine which is fine for some, but this is old housing stock circa 1800s so we feel more comfortable putting in a new 200 amp service, plumbing, etc. We RARELY get any calls from our tenants that something isn’t working.
Yeah I have a couple of “low performing tenants.” They work but one group in particular (twenty somethings) always fail to put out the garbage and to bring the toter back in.
Hopefully this all goes according to the script of the book the fountainhead
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