ITHACA — New York State Homes and Community Renewal completed a new housing complex with 118 all-electric homes in Ithaca’s Northside Neighborhood and the rehabilitation of two outdated Ithaca Housing Authority properties in a $75 million project. The project preserves and adds to the city of Ithaca’s public-housing options, Gov. Kathy Hochul’s office announced. The […]
ITHACA — New York State Homes and Community Renewal completed a new housing complex with 118 all-electric homes in Ithaca’s Northside Neighborhood and the rehabilitation of two outdated Ithaca Housing Authority properties in a $75 million project.
The project preserves and adds to the city of Ithaca’s public-housing options, Gov. Kathy Hochul’s office announced.
The project included three housing communities — Northside Apartments, Overlook Terrace, and Southview Gardens.
Overlook Terrace, developed by 3d Development Group and the Ithaca Housing Authority, has five residential buildings with 10 apartments. Southview Gardens has four residential buildings with 26 apartments, a community building, and a laundry/mechanical equipment building. Northside Apartments has 17 buildings with 82 apartments — 12 more than the original development demolished to make way for it — and a community building.
Work at Overlook Terrace and Southview Gardens included mechanical and electrical upgrades; upgraded laundry facilities; new windows, roofs, doors, and flooring; and updated bathrooms, kitchens, and appliances.
The apartments are available for households earning up to 60 percent of the area median income.
“Redeveloping these properties was about more than just renovating buildings,” Ithaca Housing Authority Executive Director Brenda Westfall said in the announcement. “It’s about revitalizing communities, preserving affordability, and creating opportunities for families to thrive. Each improvement we make is an investment in the future, ensuring that everyone has access to safe, dignified, and sustainable housing. It’s a commitment to equity, stability, and the wellbeing of our entire community.”
All three developments are highly energy efficient and all electric. Some of the energy-efficiency measures included in the project are heat-reflective roofing systems with tapered insulation, Energy Star-rated appliances, energy-efficient lighting, and low-flow plumbing fixtures for a projected total energy savings of 15 percent.
State financing for the project included $10.6 million in permanent tax-exempt bonds, federal low-income housing tax credits that will generate $29.7 million in equity, and $18.8 million in subsidies from New York State Homes and Community Renewal. The project also received
$1.5 million through Homes and Community Renewal’s Clean Energy Initiative program, $9.3 million from the Ithaca Housing Authority, $300,000 from Tompkins County Community Housing Fund, and more than $90,000 from Ithaca Urban Renewal.
“The Ithaca Housing Authority’s Northside Apartments project provides a much-needed infusion of high-quality affordable housing in Tompkins County,” Tompkins County Legislature Chair Dan Klein said. “A lack of affordable housing is at the root of so many issues in Tompkins County. The county is proud to be a small piece of the financing puzzle that brought this project to fruition.”
