Providing Housing People Can Afford
Cold Springs Phase I & II Marketing efforts include talks with the Buffalo Teachers Aid Union, We Care Transportation, and Minority Housing Fair sponsored by the Urban League. The City of Buffalo provided significant financial and technical support under its Livable Communities Initiative. St. John Fruitbelt Community Development Corp. The 28 unit townhouse development in Buffalo's Fruitbelt neighborhood offers 3 and 4 bedroom family rentals and was made possible by an allocation of Low Income Housing Credits from the State of New York. LISC subsidiary National Equity Fund is the project investor, having agreed to provide approximately $5 million in equity funding. Project sponsors, Belmont Shelter Corporation and Bethel CDC are helping bring back a neighborhood that has seen years of abandonment and decline. The project will be the catalyst for redevelopment of the neighborhood immediately north of the Buffalo Niagare Medical Campus and Hauptman-Woodward Medical Research Institute. The project received a $4.2 million LISC/NEF total tax credit investment, with construction financing provided by Bank of America. For more information, view the full project summary (pdf).
Cornerstone
Manor
The project sponsor, Buffalo City
Mission will provide and coordinate
comprehensive on-site support
services to all residents, including counseling,
childcare and private
schooling, parenting classes, job training, legal
services, healthcare,
independent living skills training and prepared meals.
For more information, view the full
project summary (pdf). Southwind Landing
Apartments
The project sponsor is local not-for-profit partner Belmont
Shelter Corporation. The project development costs were $8 million. HSBC Bank provided construction financing.
For more information, view
the full project summary
(pdf).
Victory
Ridge
The project
sponsor OLV Community Housing Development
Organization and project developer
Catholic Health System are
local
not-for-profit organizations. The total tax credit
investment is $6.3
million.
For more information, view
full project summary (pdf). Kibler Senior
Housing The project is located in the City of Tonawanda and cost $8 million.
Kibler received an Excellence in Historic Preservation Award from the Preservation League of New York State. The project sponsor Western New
York Veteran Housing
Coalition is a
not-for-
profit housing development organization
founded in 1987.
For more information, view
the full
project summary (pdf). Woodland Place Apartments The project sponsor is Belmont Shelter
Corporation.
For more information, view
the full
project summary (pdf).
Austin Manor Apartments
For more information, view
the full
project summary
(pdf).
HomeFront Inc. - Streamling Affordable Home Ownership in Buffalo
With technical assistance and grant funding from LISC, Buffalo centralized its home ownership training and counseling programs by designating HomeFront Inc. as the City's official home ownership center. Modeled after successful programs in Syracuse and Rochester, Homefront is now training and qualifying buyers for mortgages and subsidy assistance, and helping to place families in affordable homes through the city with higher quality and more consistent training programs at lower costs. 
Bethel Community Development Corporation (CDC) has completed 18 single family homes in Buffalo's Cold Springs area on Elsie Place and Purdy Street. The homes average 1300 sq. ft., contain all major appliances and come with 30 year roof and 10 year extended warranties. The subsidized home sale pricing averages $70,000, making them affordable to households earning in excess of $23,000 per year. 
The new homes are sponsored by St. John Baptist Church, and is the largest new housing development in the Fruitbelt in many years. Not only does this investment give families a new great place to live, it also furthers downtown housing opportunities in keeping both the Queen City Hub Plan and the master plan of the adjacent Buffalo Niagara Medical Campus.
East Side Housing Opportunities 
East Side Housing is the new construction of 30 single family homes in the area around Michigan Avenue and Dodge, Masten, Southampton and Northampton Streets. The homes are being built on approximately 60 vacant lots and rents will target families earning between 40-60% of the are median income. In addition to providing sound housing solution, the project offers residents a lease-to-own program, which is an affordable opportunity to purchase their homes at the end of the tax-credit compliance period. modeled on successful efforts in Cleveland, Ohio, the program brings long-term stability to neighborhoods undergoing revitalization efforts and provides homeownership opportunities for families of limited means. 
Cornerstone Manor is a newly constructed
building located at East
North Street in Buffalo, NY. It includes 46
single room units, 12 two-bedroom
apartments and a 4 unit shelter for
homeless single women and women with
children. All of the 58 units are
reserved for households at or below 60% of the
area median income. The
total tax credit investment by LISC/NEF is $5.7
million. Key Bank provided construction financing. 
Southwind Landing, built on a formerly vacant land in Cheektowaga, NY provides
100 affordable
apartments to senior
households earning as little as 30% of the area
median income. The building
contains 92 one-bedroom and 8 two-bedroom
garden style apartments, all of which
are handicapped-adaptable or
accessible. 
Victory Ridge is the substantial renovation of a
building on the Our
Lady of Victory Hospital Campus in Lackawanna,
NY.
The project will provide 74
housing units, of which
67 are rented to
households at or below 60%
of the area
median income and 7 to
households earning
between 60% and 90% of the area median income. The target
market is seniors 55 years of age or older and 11 units are set aside
for
the frail elderly and veterans. 
Kibler Senior Housing converted a 1920s
school building
designed by
noted architect E.B. Green to 55 one-bedroom and 20 two-bedroom apartments and is affordable to senior households with incomes between 25-50% of the medican income.
The $6.9 million Woodland Place development
provides 86 units of
affordable senior housing in a new apartment
building on a previously
undeveloped site in Lancaster, NY. The
units are reserved for
households earning 60% of the area median
income headed by a
person at
least 55 years.
The Blind
Association of
Western New York developed this
24 unit new construction project for individuals, families and seniors
with physical and visual disabilities.
Austin Manor Apartments are
located in Buffalo, NY and managed by Belmont
Shelter Corporation.