Originally published by Buffalo Business First on May 10, 2017
By: Tracey Drury
People Inc. has received funding approvals that will allow it to move forward with its $11 million housing project at Gates Circle.
The agency’s community housing development division will build the 37-unit senior apartment complex on a long-vacant parking lot on Linwood Avenue just behind the former Millard Fillmore Gates Circle Hospital site in the City of Buffalo.
Plans for the project were contingent on state funding and tax credits from the state. Notification was received this week by the State Homes and Community Renewal program on a competitive award of up to $2.2 million in Housing Trust Fund dollars; $616,000 in low-income housing credits and $200,805 in funds through the State Low-Income Housing Tax Credit program. Additional funding has been committed by the State Office for People with Developmental Disabilities.
“We’re pretty confident we have the bulk of the money and that will help us with leveraging the rest we don’t quite have yet,” said Rhonda Frederick, CEO. “We’re more than confident it will come.”
The $11 million project includes a three-story brick building with both one and two-bedroom units. The facility will target individuals of varying income, and includes seven set-aside units for individuals with disabilities. The Buffalo Planning Board approved the project late last year
Frederick said the project meets a huge need for housing in the city for individuals age 55 and older.
People Inc. signed a purchase agreement on the property from TM Montante Development, which is developing a senior living complex at Gates Circle. Also underway are plans by Canterbury Woods for a site in the city to complement its Amherst-based campus.
“It’s great to be part of that Gates Circle redevelopment,” she said. “Canterbury is just about done, they’ve got their Lancaster Square approved, while we’re at the other end. We’re really hopeful it will be such a nice mix of people and practitioners, who will want to have offices there, plus the supermarket and other things. It’s great to be part of that redevelopment and be part of a great city project.”
The development team includes TM Montante and Long Associates Architects. Construction is scheduled to start this fall and continue into 2018.