The first group of tenants has moved into a completed section of the Harbor View project in Oswego, New York, marking a milestone in a key part of the city’s more expansive downtown revitalization plan.
Housing Visions is the developer of the four-building project on the former brownfield site that is the gateway from Oswego’s harbor to its downtown. Three of the four buildings are now complete – each a townhouse with six affordable apartments – and are now home to 18 families earning at or below 60% of area median income. The last building, a five-story mixed income development on adjacent property, will set aside 30 of the total 57 planned units as affordable. It is expected to be completed later this summer.
Harbor View was the first Project Start Fund project financed by the Leviticus Fund in 2018 using funding from its first Capital Magnet Fund award from the CDFI Fund. To date, Project Start has distributed over $11.4 million in capital to support 12 housing projects in New York State that will create a total of 1,184 new units. Of that number, 1,161 will be affordable for low- and moderate-income families, with 92% of the units serving families and individuals at or below 80% of area median income that remain burdened by high housing costs in our area.
