Work has been completed on Riverview Apartments, a new net-zero affordable housing development in Corinth, Saratoga County, US.
The $24m project features 60 units, half of which are designated as supportive housing with on-site services for eligible residents.
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This initiative aligns with New York’s governor Kathy Hochul’s $25bn five-year Housing Plan to create or preserve 100,000 affordable homes across the state.
Hochul said: “Riverview Apartments brings much-needed affordable housing to Saratoga County and also provides residents with key support services, while at the same time kerbing building emissions to achieve healthier neighbourhoods and a cleaner, greener state.”
Riverview Apartments operates without the use of fossil fuels. It uses a geothermal system for heating and cooling while electricity is sourced from a community solar facility.
The development also incorporates water-saving fixtures and uses paints and sealants that are low in volatile organic compounds.
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By GlobalDataThe building was designed to meet the standards of the New York State Energy Research and Development Authority’s New Construction – Housing Tier IV programme and the Leadership in Energy and Environmental Design for Homes V4 programme.
All apartments at Riverview are accessible to households earning up to 60% of the area median income (AMI) and are specifically reserved for those dealing with homelessness or mental health issues.
RISE, a service provider at the facility, will offer a range of on-site services, including mental health support, service coordination, independent living skills training, and crisis intervention.
The building includes a community room with a kitchen, laundry and exercise rooms, bike storage, and free broadband internet access.
The financial backing for Riverview Apartments was secured through multiple sources.
The Federal Low-Income Housing Tax Credit programme contributed approximately $11.8m in equity while the State Low-Income Housing Tax Credit programme added another $3.6m.
Loans from various state programmes amounted to $5.4m, and the New York State Office of Mental Health provided a $257,000 development grant.
