ALBANY, N.Y. -- A ribbon-cutting ceremony was held Thursday as eight newly renovated apartment buildings in Albany's historic Arbor Hill neighborhood were revealed.
The $4.5 million project, which received over $4 million in federal funding through the Neighborhood Stabilization Program (NSP), also received funding from lead abatement grants and CDBG-R funds through the Albany Community Development Agency.
The apartment buildings consist of 23 new residential units and one commercial space.
The commercial space is occupied by Operation S.N.U.G., an anti-violence advocacy and counseling program operated by Trinity Alliance.
"This is exactly the type of project that NSP funding is designed for," said Mayor Jennings. "It provides us with an opportunity to take derelict buildings and turn them into safe, high quality housing, as well as a home for much needed community services."
The City of Albany was among the first cities in the state to have a project approved using NSP funds. The program was established through the Department of Housing and Urban Development (HUD) and administered through the State of New York, which provided grants for the purpose of stabilizing communities that have suffered from the effects of foreclosures and abandonment.
"By completing projects such as this it shows the continuous effort we are making to rehabilitate and redevelop blighted properties here in the City of Albany- an initiative we will continue to take until vibrancy is brought back to all neighborhoods." Michael Yevoli, Commissioner, City of Albany Development and Planning, "The completion of this project also adds to the nearly $80 million in investment made since the completion of the Arbor Hill Plan."
Sanders Architects served as the project architects and Norstar Development USA was contracted to perform the construction work. AHA, Sanders Architects and Norstar have extensive experience with infill and rehabilitation projects in Arbor Hill, having completed another 74 residential units and 7 commercial spaces in the area already.
"The success of these initiatives stems from the creation of the Arbor Hill Neighborhood Plan and the continued support of Mayor Jennings and his staff in helping us to identify the resources and the expertise to get the job done," said Steven Longo, Executive Director of the Albany Housing Authority.