Funding has been arranged for the construction of an affordable senior housing development in Morrisville, New York.
KeyBank Community Development Lending and Investment (CDLI) is providing a $9 million construction loan and $12 million in low-income housing tax credit equity to the project being developed by Christopher Community, Inc. (CCI), a nonprofit based in Syracuse, New York.
Community View Apartments will consist of 61 units for individuals 55 and older and earning no more than 30%, 40%, 50%, and 60% of the area median income. Twenty units will be covered by the Empire State Supportive Housing Initiative (ESSHI) and will target individuals who are at risk of homelessness or formerly homeless, enrolled in Medicaid, and have either a chronic condition, physical disability, or require assistance with one or more instrumental activities of daily living.
CCI will enter into a housing services agreement with Crouse Community Center, a skilled nursing facility affiliated Crouse Hospital, which will offer comprehensive supportive services to the residents of the ESSHI units. An on-site case manager will help develop individual service plans to cater to each tenant’s specific needs as well as help with housing subsidy recertifications and obtaining health insurance and other benefits. In addition, Community View Apartments will have a medical case manager to help residents schedule doctors’ appointments, coordinate transportation, track health conditions, and provide guidance for healthy living initiatives and social activities. Case managers will coordinate services with off-site local providers for substance abuse counseling, mental health support, vocational training, additional medical case management, and legal and educational services.
The project is adjacent to the Crouse Community campus, where construction has begun on an adult day care facility that will provide health care and other programs.John Paul Vachon and Kate De La Garza of KeyBank CDLI structured the financing.
