Governor Kathy Hochul today announced the start of construction on a $55 million affordable and supportive housing development in Syracuse. The project will convert the historic four-building Moyer Factory complex into 128 apartments and ground floor commercial space, with 50 homes reserved for individuals and families in need of supportive services.
“As we strive to make New York more equitable and inclusive, it is critical that we provide all New Yorkers with access to affordable housing and the supportive services they need to thrive,” Governor Hochul said. “Investing in the redevelopment of vacant and underutilized historic buildings across the state is essential to revitalization and growth in cities like Syracuse. We will continue to tackle the housing crisis by prioritizing projects like the Moyer Carriage Lofts that enhance the lives of residents and empower neighborhoods.”
The Moyer Carriage Lofts project is part of Governor Hochul’s statewide plan to make housing more affordable, equitable, and stable. In the recently enacted State Budget, the Governor successfully secured a new $25 billion, five-year, comprehensive housing plan that will increase housing supply by creating or preserving 100,000 affordable homes across New York, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes.
The development involves the adaptive reuse of the historic Moyer Factory complex to create 128 apartments and 3,670 square feet of commercial space. Four interconnected buildings will undergo a gut rehabilitation, but exterior architectural details will remain intact. The project marks a historic transformation for the Moyer Factory complex, which was built in 1881 but has been vacant since 2005.Read the full Article