Under
Construction
Loguen Homes
Construction
Loguen Homes
housingvisions.org
Housing
Visions Unlimited, Inc. (HVU) is constructing a 28 unit project on the Eastside
of Syracuse to address the rapidly diminishing supply of affordable housing in
the City due to the closure of Kennedy Square and impending closure of Townsend
Towers and Harrison House. The loss of these units will crowd an already
tight affordable rental market in the City of Syracuse. Currently, Housing
Visions operates 202 units in Syracuse and has an occupancy rate of 98%.
This project is also a neighborhood revitalization project filling in vacant
parcels and substantially rehabbing deteriorated buildings in the
neighborhood.
The City of Syracuse fully supports the proposed plan.
The project will produce high quality units and will adhere to the Green Building Initiative and Energy Efficiency requirements of the New yOrk State Division of Housing and Community Renewal. Housing Visions Construction Co., Inc. will act as the General Contractor for the project.
Loguen Homes has acquired a total of 11 parcesls; all vacant with the exception of one that is in substandard condition and will be completely renovated to profvide 3 rental units. The vacant lots will be transformed into 9 newly constructed multi-family houses.
Included in the 28 units of quality and affordable housing are 2 1-bedroom housing units, 5 2-bedroom housing units, 16 3-bedroom housing units and 5 4-bedroom housing units. 5 of the 28 uits will be specifically for persons with physical disabilities. Preference will be given to persons and families whose current housing fails to meet basic standards of health and safety.
The gross rents (rents plus utilities) will range from $565 to $875 a month and will be affordable to households with incomes at aor below 60% of the area median income. The available units will be rented to low and moderate income housholds for a period of 50 years. After the 15 year tax credit regulatory period, the units will be eligible to be sold to its residents.
The estimated completion time of the project is the Fall of 2010.
The City of Syracuse fully supports the proposed plan.
The project will produce high quality units and will adhere to the Green Building Initiative and Energy Efficiency requirements of the New yOrk State Division of Housing and Community Renewal. Housing Visions Construction Co., Inc. will act as the General Contractor for the project.
Loguen Homes has acquired a total of 11 parcesls; all vacant with the exception of one that is in substandard condition and will be completely renovated to profvide 3 rental units. The vacant lots will be transformed into 9 newly constructed multi-family houses.
Included in the 28 units of quality and affordable housing are 2 1-bedroom housing units, 5 2-bedroom housing units, 16 3-bedroom housing units and 5 4-bedroom housing units. 5 of the 28 uits will be specifically for persons with physical disabilities. Preference will be given to persons and families whose current housing fails to meet basic standards of health and safety.
The gross rents (rents plus utilities) will range from $565 to $875 a month and will be affordable to households with incomes at aor below 60% of the area median income. The available units will be rented to low and moderate income housholds for a period of 50 years. After the 15 year tax credit regulatory period, the units will be eligible to be sold to its residents.
The estimated completion time of the project is the Fall of 2010.
About The
Project
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Funding
Sources
| Source | Purpose |
| Keybank National Association | Construction Loan |
| Key Community Development Corp. | Equity |
| NYS Housing Trust
Fund & NYS Housing Finance Agency |
Permanent Financing |
| City of Syracuse | Permanent Financing |
| Housing Visions Unlimited, Inc. | Equity |
| Federal Low-Income
Housing Credit Program |
Permanent Financing |
Property
Address
various sites on Lexington, S. Beech, Columbus and E. Fayette Streets
Syracuse
various sites on Lexington, S. Beech, Columbus and E. Fayette Streets
Syracuse
Architect
Renderings
Loguen
Homes
Development
Team
Housing Visions Unlimited, Inc.
Holmes, King, Kallquist & Associates, Architects
Housing Visions Construction Co., Inc.
Green & Seifter Attorneys, PLLC
Green & Seifter Certified Public Accountants, PLLC
Key Bank National Association
Key Community Development Corp.
Housing Visions Unlimited, Inc.
Holmes, King, Kallquist & Associates, Architects
Housing Visions Construction Co., Inc.
Green & Seifter Attorneys, PLLC
Green & Seifter Certified Public Accountants, PLLC
Key Bank National Association
Key Community Development Corp.
| Bdrm Size | # of Units | Max Income | Rents |
| 1 | 2 | 60% | $430 |
| 2 | 5 | 60% | $530 |
| 3 | 16 | 60% | $620 |
| 4 | 5 | 50% | $665 |
| Total | 28 | ||
Rents
Rents do not include utilities and are below market rent.
Rents do not include utilities and are below market rent.
2008 Income
Requirements (Maximum)
| Family Size | Max 30% | Max 40% | Max 50% | Max 60% |
| 1 | 12,500 | 16,680 | 20,850 | 25,020 |
| 2 | 14,300 | 19,040 | 23,800 | 28,560 |
| 3 | 16,050 | 21,440 | 26,800 | 32,160 |
| 4 | 17,850 | 23,800 | 29,750 | 35,700 |
| 5 | 19,300 | 25,720 | 32,150 | 38,580 |
| 6 | 20,700 | 27,600 | 34,500 | 41,400 |
| 7 | 22,150 | 29,520 | 36,900 | 44,280 |
| 8 | 23,550 | 31,400 | 39,250 | 47,100 |
Features
Individually designed homes
- Multi-family houses for 1 to 4 families, 1-4 bedroom units
- Unique designs, flats and townhouse styling
- All units will have new ENERGY STAR® efficient appliances, centralized air and off street parking
Quality units
- Bright floor plans, maximum quality and durable materials
- Aesthetically complementing to the character of the surrounding neighborhood.
- Loguen Homes exceeds the requirements of the Green Building Initiative and the NYS Energy Conservation Code.
- The General Contractor, Housing Visions Construction Co., Inc. will be a NYSERDA ENERGY STAR® builder and certified by the
Building Performance Institute prior to starting construction on this project.
Convenient location
- Walking distance to stores and businesses. On or near bus lines. Easy access to routes 690 and 81, city hospitals, downtown and parks.
Convenient to city hospitals, downtown, and Parks.
Laundry facilities
- washer/dryer hook-ups within apartments
Maintenance service (available 24 hrs / 7 days wk.)
- emergencies call (315) 634-3633 when the office is closed
Resident organizations Neighbors that care
- Neighborhood Watch, Tomorrow’s Neighborhoods Today, Maple Heights Community Center
- Churches
- Multi-family houses for 1 to 4 families, 1-4 bedroom units
- Unique designs, flats and townhouse styling
- All units will have new ENERGY STAR® efficient appliances, centralized air and off street parking
Quality units
- Bright floor plans, maximum quality and durable materials
- Aesthetically complementing to the character of the surrounding neighborhood.
- Loguen Homes exceeds the requirements of the Green Building Initiative and the NYS Energy Conservation Code.
- The General Contractor, Housing Visions Construction Co., Inc. will be a NYSERDA ENERGY STAR® builder and certified by the
Building Performance Institute prior to starting construction on this project.
Convenient location
- Walking distance to stores and businesses. On or near bus lines. Easy access to routes 690 and 81, city hospitals, downtown and parks.
Convenient to city hospitals, downtown, and Parks.
Laundry facilities
- washer/dryer hook-ups within apartments
Maintenance service (available 24 hrs / 7 days wk.)
- emergencies call (315) 634-3633 when the office is closed
Resident organizations Neighbors that care
- Neighborhood Watch, Tomorrow’s Neighborhoods Today, Maple Heights Community Center
- Churches
Managed
by: Housing Visions Unlimited, Inc.
1201 E Fayette St
Syracuse NY 13210
(315) 472-3820
(315) 471-3921 FAX
admin@HousingVisions.org
Office hours: 8:30-5:00 Monday through Friday
1201 E Fayette St
Syracuse NY 13210
(315) 472-3820
(315) 471-3921 FAX
admin@HousingVisions.org
Office hours: 8:30-5:00 Monday through Friday
Management
Maintenance
emergencies call (315) 634-3633 when the office is closed.
The residents of Loguen Homes will be encouraged and supported by Housing Visions to establish a neighborhood organization to meet routinely and work together to act on decisions about residents homes and their neighborhood. Residents have a voice in helping to create a safer and more attractive place to live and raise a family.
A Tenant Buy-Out plan has been arranged for the future sale of the buildings to the residents.
Download our Tenant Buy-Out booklet to learn more
The residents of Loguen Homes will be encouraged and supported by Housing Visions to establish a neighborhood organization to meet routinely and work together to act on decisions about residents homes and their neighborhood. Residents have a voice in helping to create a safer and more attractive place to live and raise a family.
A Tenant Buy-Out plan has been arranged for the future sale of the buildings to the residents.
Download our Tenant Buy-Out booklet to learn more
Are you a
qualified candidate?
Click here to take our pre-qualification quiz online and/or download an applicant packet.
Click here to take our pre-qualification quiz online and/or download an applicant packet.
Housing
Applicants
Residents