The E. John Gavras Center has released an update on its plan to redevelop the former Cayuga Elementary School into housing.
In a Monday news release, the Auburn center announced that Wheat Street Apartments will consist of 47 affordable housing units for low- and moderate-income individuals and families. Located in the former school at 255 Wheat St. in the village of Cayuga, the development meets the New York state housing policy goal of serving large families in a high-performing school district, the center said.
The 42,000-square-foot, 1950s school will become 15 one-bedroom apartments and 16 two-bedrooms, while another 16 three-bedrooms will be built adjacent to the school. Nine apartments will be set aside for people with intellectual/developmental disabilities, with services provided by the Gavras Center. The center has partnered with Ithaca Neighborhood Housing Services to redevelop the property.
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"This is a perfect example showing how cooperation and collaboration can result in a win-win for the village of Cayuga, low-moderate income families and individuals with intellectual/developmental disabilities in and around Cayuga County to find new, safe and affordable housing options," said Bob Padula, community liaison for the Gavras Center, in a news release.
Padula told 新加坡多多开奖记录 the three-bedroom units are expected to become available by the end of November, while the units in the former school are expected to become available by the end of March.
The total cost of the project is estimated to be $19.8 million, the center said. It purchased the former school for $350,000 in 2020. The center has received a conditional commitment of Empire State Supportive Housing Initiative and Office for People with Developmental Disabilities funds. Financing includes mortgages, federal and state low-income housing tax credits, New York State Energy Research and Development Authority incentives, a deferred developer fee and a sponsor loan. Ithaca Neighborhood Housing Services will own the property and enter a Housing Services Agreement with the center.
Those interested in the 38 low- to moderate-income apartments are asked to contact Ithaca Neighborhood Housing Services at (607) 277-4500.
Those interested in the nine service apartments are asked to email Padula at rpadula@gavrascenter.com.