Capital Region News
4:53 pm
Wed August 20, 2014

Groundbreaking For New Housing In Cohoes

New York State Homes and Community Renewal on Wednesday announced the start of construction at Lion Heart Residences in the City of Cohoes.

Community Preservation Corporation Senior Vice President and Director of Originations Richard Conley, Cohoes Councilwoman April Kennedy, Assistant Commissioner of New York State Homes & Community Renewal Lorraine Collins, State Senator Neil Breslin, Lieutenant Governor Robert Duffy, Regan Development Corporation President Larry Regan, Assemblyman John McDonald, Mayor George Primeau, Cohoes Councilman Bill Ricard, and Living Resources CEO Fredrick Erlich
Credit Sarit Schneider

The $16.4 million dollar development is intended to provide affordable homes for working families and inject millions of dollars into the local economy.

The 72-unit project features 57 affordable one, two and three-bedroom apartments. 108th district Assemblyman John McDonald says the residential community features an added attraction:   "15 of those 72 units are gonna be dedicated to individuals living with developmental disabilities."

Lion Heart Residence will meet Green Building and Energy Efficiency initiatives. The project is one of ten statewide that received a portion of $23.7 million worth of state funds to either create or preserve high quality affordable housing to spur economic growth.