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$9.8M housing development in Gates opens

Crerand Commons II—a $9.8 million housing development in Gates—is now open, Gov. Andrew Cuomo announced Tuesday.

The Crerand Commons II offers working families a chance to live in affordable homes in close proximity to public transportation, child care, and employment opportunities, according to the governor’s office. The development has 33 newly constructed two and three-bedroom apartments on five acres. It is located near the 48-unit Crerand Commons Phase I development.

“This administration remains committed to providing affordable housing to families across the state, and with the completion of this new development in Monroe County, we arecrerand one step closer to ensuring residents have access to a safe, decent and affordable place to call home,” Cuomo said. “By providing a safe environment and access to vital community services, New York will continue to strengthen the local economy by attracting and retaining families in throughout the Finger Lakes.”

Phase II includes a community building, recreation area, outdoor space and a community garden, officials said. The development is at 35 percent occupancy.

“The families who will live at Crerand Commons will have access to good schools and quality homes in a thriving community,” said RuthAnne Visnauskas, New York State Homes and Community Renewal commissioner. “Crerand Commons will be a comfortable, affordable place for families to build a bright future.”

Crerand Commons Phase II has $2.3 million of funding through New York State Homes and Community Renewal’s Housing Trust Fund and $6.8 million in equity from Low Income Housing Tax Credits. Monroe County HOME Program, Federal Home Loan Bank of New York, NeighborWorks America, and the New York State Energy Research & Development Authority together provided balance of the funds.

PathStone Corp., along with Nathaniel General Contractors Inc., NH Architecture P.C. and Parrone Engineering worked to complete the project.

“The completion of Crerand Commons Phase II represents a milestone accomplishment for PathStone Corporation,” said Stuart Mitchell, president and CEO. “Together we have created a vibrant and diverse community from which generations of tenants and residents will be able to enroll their children in high-performing schools, obtain good local jobs and participate actively in the life of their community.”

Follow Kerry Feltner on Twitter: @KerryFeltner

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email madams@bridgetowermedia.com.

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