New construction of 25 single family rental homes built on scattered sites in Northeast Rochester. It complemented the 25 homes constructed as part of the first phase of El Camino Estates in 2010.
Location: 954 Clifford Ave, Rochester, NY
Ownership Entity: Ibero-American Development Corp.
Completion: 2012
Number of Units: 25
Project Type: Affordable, Independent Housing for Seniors
Project Cost: $6.2 million
Cornerstone's Role: Developer
Funding Sources:
Federal Housing Tax Credits, NYS Housing Trust Fund, Private Equity