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Construction has begun on a $107 million public housing rehabilitation project at Almus Olver Towers in Syracuse. Governor Kathy Hochul announced the start of this significant development, which is part of the East Adams Neighborhood Transformation Plan. This project aims to revitalize the area and complements the demolition of the Interstate 81 viaduct, reconnecting neighborhoods divided by the highway.
The Almus Olver Towers project will increase the number of housing units from 184 to 191, providing affordable homes for seniors aged 55 and older and people with disabilities. All apartments will be reserved for households earning up to 60 percent of the Area Median Income. The rehabilitation includes upgrading common areas, kitchens, bathrooms, and the building's facade, as well as replacing the roof and constructing an outdoor pavilion.
The development is designed to be energy-efficient, featuring all-electric heating and cooling systems, and aims to meet Enterprise Green Communities standards. State financing includes Low Income Housing Tax Credits and subsidies from New York State Homes and Community Renewal, generating $53 million in equity and $33 million in subsidies. The project also benefits from over $3.2 million in Clean Energy Initiative funds.
Syracuse Mayor Ben Walsh highlighted the project's impact on improving the quality of life in the neighborhood by providing safe, affordable housing without relocating residents. The project is expected to enhance living conditions and reduce costs for residents through its sustainable features. The rehabilitation of Almus Olver Towers is part of Governor Hochul's broader housing agenda to create or preserve 100,000 affordable homes statewide over five years.