Under
Construction
Prosepect Hill Homes
Prosepect Hill Homes
housingvisions.org
Housing
Visions, Home HeadQuarters, and St. Joseph’s Hospital Health Center are
partnering together to transform the Prospect Hill neighborhood into a vibrant
and viable community. Home HeadQuarters, a not-for profit corporation, has
the primary responsibility for acquisitions and ARISE will be referral provider
for the special needs units and will also coordinate any services requested by
those residents.
Prospect Hill Homes is part of a comprehensive community revitalization plan. This portion of the plan will remarkably change the character of the neighborhood; reducing crime and encouraging further investment. Many dilapidated structures which have not been conducive to the neighborhood and are an eyesore along a main thoroughfare of Syracuse’s north side will be substantially renovated or demolished with new construction taking its place.
Prospect Hill Homes will acquire a total of 21 parcels containing 13 structures, all in substandard condition that will be completely demolished, resulting in the new construction of 11 multi-family houses. In addition, 4 buildings that have been determined to be structurally sound will be substantially renovated.
Included in the 50 units of quality and affordable housing are 9 1-bedroom housing units, 13 2-bedroom housing units, 26 3-bedroom housing units and 2 4-bedroom housing units. 8 of the 50 units will be specifically for persons with physical disabilities. Also, preference will be given to Section 8 waiting list referrals for 8 units, with the remaining 34 units for persons and families whose current housing fails to meet basic standards of health and safety.
The gross rents (rents plus utilities) will range from $335 to $840 a month and will be affordable to households with incomes at or below 60% of the area median income. The available units will be rented to low and moderate income households 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 July 2010.
Prospect Hill Homes is part of a comprehensive community revitalization plan. This portion of the plan will remarkably change the character of the neighborhood; reducing crime and encouraging further investment. Many dilapidated structures which have not been conducive to the neighborhood and are an eyesore along a main thoroughfare of Syracuse’s north side will be substantially renovated or demolished with new construction taking its place.
Prospect Hill Homes will acquire a total of 21 parcels containing 13 structures, all in substandard condition that will be completely demolished, resulting in the new construction of 11 multi-family houses. In addition, 4 buildings that have been determined to be structurally sound will be substantially renovated.
Included in the 50 units of quality and affordable housing are 9 1-bedroom housing units, 13 2-bedroom housing units, 26 3-bedroom housing units and 2 4-bedroom housing units. 8 of the 50 units will be specifically for persons with physical disabilities. Also, preference will be given to Section 8 waiting list referrals for 8 units, with the remaining 34 units for persons and families whose current housing fails to meet basic standards of health and safety.
The gross rents (rents plus utilities) will range from $335 to $840 a month and will be affordable to households with incomes at or below 60% of the area median income. The available units will be rented to low and moderate income households 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 July 2010.
Funding
Sources
| Source | Purpose |
| KeyBank National Association | Construction Loan |
| Key Community Development Corp. | Equity for Low Income Housing Tax Credits |
| NYS Housing Trust Fund | Permanent Financing |
| City of Syracuse | Permanent Financing |
| Federal Low-Income Housing Credit Program | Permanent Financing |
| Housing Visions Consultants, Inc. | Equity |
Development
Team
Housing Visions Consultants, Inc.
Home HeadQuarters
Alesal & Etzel Architects
Housing Visions Construction Co.
Green & Seifter Attorneys, PLLC
Green & Seifter Certified Public Accountants, PLLC
Key Bank National Association
Key Community Development Corp.
Housing Visions Consultants, Inc.
Home HeadQuarters
Alesal & Etzel Architects
Housing Visions Construction Co.
Green & Seifter Attorneys, PLLC
Green & Seifter Certified Public Accountants, PLLC
Key Bank National Association
Key Community Development Corp.
About The
Project
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Prospect
Hill Homes
News
Link
Prospect Hill Homes - Published - 01/14/2008
Headline - Northside neighborhood to revitalize
Story by - Jim Kenyon of WSTM.com
Prospect Hill Homes - Published - 01/14/2008
Headline - Northside neighborhood to revitalize
Story by - Jim Kenyon of WSTM.com
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
Rents
Rents do not include utilities and are below market rent.
Rents do not include utilities and are below market rent.
| Bdrm Size | # of Units | Max Income | Rent Range |
| 1 | 4 | 30% | $200 |
| 1 | 5 | 60% | $395 |
| 2 | 4 | 30% | $250 |
| 2 | 6 | 50% | $475 |
| 2 | 3 | 60% | $475 |
| 3 | 4 | 30% | $300 |
| 3 | 8 | 40% | $400 |
| 3 | 9 | 50% | $590 |
| 3 | 5 | 60% | $590 |
| 4 | 2 | 50% | $645 |
| Total | 50 |
| 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 |
2008 Income
Requirements (maximum)
As part of the qualifications to occupy a unit, a household may not expect to earn more than the maximum % income allowed at the time of move-in.
Effective March 8, 2006 Onondaga County / Syracuse MSA
As part of the qualifications to occupy a unit, a household may not expect to earn more than the maximum % income allowed at the time of move-in.
Effective March 8, 2006 Onondaga County / Syracuse MSA
Individually designed homes
- Multi-family houses for 2 to 6 families, 1-5 bedrooms.
- Unique designs, flats and townhouse styling. 2 historic eligible houses.
- Many with porches and off street parking.
Quality units
- Use of durable materials, bright floor plans.
Convenient location
- Walking distance to stores and businesses. On or near bus lines. Easy access to Highways.
Convenient to city hospitals, downtown, and Parks.
Laundry facilities
- In basements or washer/dryer hook-ups within apartments
Maintenance service
- emergencies call (315) 634-3633 when the office is closed
Resident organizations Neighbors that care
- Neighborhood Watch, Tomorrow’s Neighborhoods Today, Westcott Community Center, the
Learning Center, P.E.A.C.E., Inc.
- Churches
- Multi-family houses for 2 to 6 families, 1-5 bedrooms.
- Unique designs, flats and townhouse styling. 2 historic eligible houses.
- Many with porches and off street parking.
Quality units
- Use of durable materials, bright floor plans.
Convenient location
- Walking distance to stores and businesses. On or near bus lines. Easy access to Highways.
Convenient to city hospitals, downtown, and Parks.
Laundry facilities
- In basements or washer/dryer hook-ups within apartments
Maintenance service
- emergencies call (315) 634-3633 when the office is closed
Resident organizations Neighbors that care
- Neighborhood Watch, Tomorrow’s Neighborhoods Today, Westcott Community Center, the
Learning Center, P.E.A.C.E., Inc.
- Churches
Artist
Rendering
Features
Residents
Maintenance emergencies, please call (315) 634-3633 when the office is closed.
The residents of Prospect Hill 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 resident’s 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.
Housing Applicants
Want to learn more? View or download our applicant booklet.
We are interested in renting our quality homes to households who take an interest in where they live. Are you a qualified candidate? Complete the downloadable housing application and bring it in to our office with the items listed for processing.
Maintenance emergencies, please call (315) 634-3633 when the office is closed.
The residents of Prospect Hill 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 resident’s 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.
Housing Applicants
Want to learn more? View or download our applicant booklet.
We are interested in renting our quality homes to households who take an interest in where they live. Are you a qualified candidate? Complete the downloadable housing application and bring it in to our office with the items listed for processing.