ALBANY, N.Y. - Officials are celebrating Albany's South End revitalization Monday as phase three of the Capital South Plan is complete.
Over 50 affordable housing units are now ready for families to rent out and move into.
Duncan Barrett, COO of Omni Housing Development said "This site that we are on was just a vacant lot that had been demolished. Same thing goes for the building across the street, abandoned for thirty years and had been demolished. "
Local officials wanted to do something about the vacant lots, starting six years ago. In 2007, community officials came together to adopt a master plan for Albany's historic South End, a vision to transform the neighborhood. The third phase of the redevelopment is now complete.
The 56 units are all Energy Star homes and all newly constructed or rehabilitated historic structures in the South End. Phase three cost nearly $10 million.
Although there is a wait list to live in one of the units, people interested can apply through Albany's Housing Authority.
Phase one and phase two began in 2008. The revitalization was an investment of over $35 million in total from the federal, state and local government. However, officials say the work does not stop here.
"We are hopeful that the next project will be homeownership units because we think homeownership is essential to the health and vitality of the neighborhood," said Barrett.
Officials say residents will be moving in before the holidays.