New York State Homes and Community Renewal Announces Completion of $9 Million Affordable Housing Development in Gloversville
October 24, 2018

New York State Homes and Community Renewal Announces Completion of $9 Million Affordable Housing Development in Gloversville

New York State Homes and Community Renewal Announces Completion of $9 Million Affordable Housing Development in Gloversville
Estee Senior Apartments Replaces Vacant School with 37 Affordable Homes for Adults

October 24, 2018 - New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas today announced the completion of a $9 million affordable housing development in the City of Gloversville. Estee Senior Apartments replaces a long vacant school building with 37 energy-efficient apartments for adults 55 and up. The development complements initiatives of the Mohawk Valley Regional Economic Development Council to promote economic activity in the region’s central business districts and create new housing opportunities.

HCR Commissioner RuthAnne Visnauskas said, “Estee Senior Apartments will allow more than 37 adults to age in place in the community they call home. Not only will the development provide much needed affordable housing in the City of Gloversville, but it also breathes new life into Main Street by replacing a deteriorating building with a beautiful new residential building.

Estee Senior Apartments reflects Governor Cuomo’s commitment to providing all New Yorkers with access to safe, affordable housing is reflected in the state's unprecedented $20 billion, five-year Housing Plan. The plan makes housing accessible and combats homelessness by building and preserving more than 100,000 units of affordable housing and 6,000 of supportive housing. The plan is a comprehensive approach to statewide housing issues and includes multifamily and single-family housing, community development, and rent stabilization. Since 2011, HCR has invested $107 million in the Mohawk Valley that has created affordable housing for about 3,340 residents.

The three-story building at 90 North Main Street replaces the long vacant Estee School building. Originally constructed in 1916, the school had closed in 1996 and fell into disrepair. The school was demolished and replaced with the Estee Senior Apartments, which architecturally resembles the original structure.

The development is located within the Central Business District in the City of Gloversville and is within walking distance to small retailers, restaurants, medical offices, churches, a post office and public library. Residents have access to two nearby senior centers.

Estee Senior Apartments includes 37 one-bedroom apartments for older adults ages 55 and up. Six apartments are set aside for individuals with mobility, hearing or vision impairments or frail elderly, with priority given to veterans.

Building amenities include laundry facilities on each floor, a community room with kitchen, a computer lab, a fitness room, bicycle storage, an outdoor patio, and flower and vegetable gardens.

New York State Energy Research and Development Authority (NYSERDA) provided $38,000 to support building designs through their Low-Rise Residential New Construction program, which offers technical support and incentives to help developers improve energy efficiency performance. Energy efficient features include EnergyStar appliances, heating and air conditioning systems and lighting; high efficiency exterior lighting with daylight sensors; and low-VOC paint, adhesives and sealants.

Estee Senior Apartments promotes economic revitalization efforts for the downtown central business district as outlined in the Mohawk Valley Regional Economic Development Council’s Strategic Plan and the City of Gloversville Comprehensive Plan. The redevelopment of the Estee School site was the top housing priority for the Mohawk Valley’s 2013 Community Renewal Funding round.

New York State Homes and Community Renewal funding for the $9 million project includes federal Low Income Housing Tax Credits that generated $4.6 million in equity and a $400,000 Community Development Block Grant award. Additional support is provided by the New York State Economic Development Assistance Program, administered by the Dormitory Authority of the State of New York, New York State Energy Research and Development Authority, and funds generated by settlements between the New York State Attorney General and banks stemming from the mortgage foreclosure crisis.

Alicia Barton, President and CEO, NYSERDA said, "Building affordable housing developments to the highest standards of energy efficiency is critical to improving consumer choice and energy affordability throughout the state while reducing harmful greenhouse gas emissions. The Estee Senior Apartments provide a great example of how more New York seniors are able to enjoy comfortable, safe and cost-effective housing because of continued investments under Governor Cuomo’s nation-leading clean energy and climate initiatives.

City of Gloversville Mayor Dayton King said, “I am very thrilled to have this improvement in our downtown.  The people from the liberty affordable team had been fantastic, and I appreciate their persistence to keep trying to get this project funded!

City of Gloversville Councilmember Vincent DeSantis said, "A community achieves rebirth as a result of persistence, hard work and positive spirit. This new building is a triumph after years of determined effort on the part of Liberty Affordable Housing. It is a visible example of the kinds of improvements we are capable of achieving through cooperation and patient, constructive effort.

Tara Miller, Executive Director, Liberty Affordable Housing, said, “Liberty Affordable Housing is excited to be a part of the Gloversville community where we have received tremendous local support. We also want to thank all of the stakeholders who made Estee Senior Apartments possible, Thank you!

About Liberty Affordable Housing

Liberty Affordable Housing Inc. (Liberty) is a not-for-profit developer headquartered in Rome, New York. Liberty was incorporated in 2002 and has a community-based volunteer Board of Directors with a mission to produce, protect and preserve affordable housing. Since its inception Liberty has shown the ability to complete projects it has undertaken by successfully closing on four new construction and sixteen preservation projects. In all its endeavors, Liberty seeks to positively impact communities by providing “Better Lives Through Better Housing.