Arbor Hill
Albany, NY

Part of HOPE VI revitalization plan.

New construction of 54 affordable, family rental units in Phase One.

Phase Two includes new construction and rehabilitation of existing buildings into 23 rental units and community service space.

Phase One completed and Phase Two under construction.

Financing from tax exempt bonds issued by the Community Preservation Corporation, The City of Albany Industrial Development Agency, HUD RHF funds and HOPE VI Funds, both facilitated by the Albany Housing Authority, Federal Home Loan Bank Subsidy and equity from 4% low-income housing tax credits provided by MMA Financial, Inc.

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