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City shells out $1.5M for affordable housing

March 23, 2016 Public Report On 2016-2020 Housing Framework


PB Article

The city of Rochester on Monday backed two affordable housing projects — more than 200 total units — by providing $1.5 million in tax increment financing assistance to the developer.

Rochester developer Joe Weis and associates were behind both projects, the 68-unit First Avenue Flats and the 139-unit senior affordable housing Valleyhigh Villas.

The Rochester City Council went above the city staff's recommendation to support First Avenue Flats with a development assistance agreement for the full amount requested by the developer, $435,421.

 

Is this really affordable?

 


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March 23, 2016 Public Report On 2016-2020 Housing Framework

 


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DMC Impact(s):

PlanScape(s): Diversity and Inclusion ; Housing

Community Health Impact(s): Financial Stress/Homelessness

Date: 2016/03/23

Last Modification Date: 2016-10-10T21:14:49-05:00

Last Modified by: support

Source: TBD

Type: Status

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State: Public

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Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
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While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

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