This 66-unit supportive housing rental community serves Low-Income seniors in Greece, New York. The project meets New York State’s Medicaid Redesign Team’s goals by expanding lower cost community-based supportive housing alternatives to high cost Medicaid paid nursing home or emergency room care.
Location: 3 GBC Pkwy, Greece, Adjacent to 1230 Long Pond Road, Greece, NY
Completion: 2018
Project Type: Affordable, Supportive Housing for Seniors
Number of Units: One 66-unit building consisting of one-and-two-bedroom apartments
Project Cost: $14.3 million
Cornerstone's Role: Developer/Owner & Property Manager
Funding Sources:
Tax Exempt Bonds, Federal LIHTC, NYS HCR Supportive Housing Opportunity Program, HUD