KeyBank Community Development Lending and Investment (CDLI) provided a $9 million construction loan and $12 million in Low-Income Housing Tax Credit (LIHTC) equity for the construction of an affordable senior housing property in Morrisville, New York. Community View Apartments will consist of 61 units for individuals aged 55 and older and earning no more than 30%, 40%, 50% and 60% of the area median income (AMI). Of the 61 units, 20 will be covered by the Empire State Supportive Housing Initiative (ESSHI) and will target individuals who are at risk of homelessness, formerly homeless, enrolled in Medicaid, and have either a chronic condition, physical disability, or require assistance with one or more instrumental activities of daily living.
Christopher Community, Inc. (“CCI”), a not-for-profit developer and manager of affordable housing based in Syracuse, New York, is building the community. The project will also enter into a housing services agreement with Crouse Community Center, a 120-bed skilled nursing facility affiliated with Crouse Hospital, which will offer the ESSHI units with supportive services. An on-site case manager will be provided to develop individual service plans to cater to each tenants’ specific needs as well as help with housing subsidy recertifications, obtaining health insurance, SSI/SSD benefits, SNAP, and utility assistance. The case manager will also assist tenants in applying for educational programs and providing access to computers and the internet.
In addition, the property will have a medical case manager to help tenants schedule doctor’s appointments, coordinate transportation, track health conditions, and provide guidance for healthy living initiatives and social activities. The case managers will coordinate services with offsite local providers for substance abuse counseling, mental health support, vocational training, additional medical case management, legal, and educational services.
Crouse Community Center has begun construction of an adult daycare facility adjacent to Community View Apartments, which will operate an Adult Daycare Healthcare Programs (ADHC) that will allow registrants to utilize the services of the SNF’s existing outpatient therapy and physician services from the nearby Community Memorial Hospital’s Primary Care Physician Office. John Paul Vachon and Kate De La Garza of KeyBank CDLI structured the financing.
