New York State Homes and Community Renewal (HCR) Wednesday joined Home Leasing, the City of Hornell, and partners to announce the preservation and redevelopment of the former Lincoln Elementary School, built in 1924, into a new 25-unit affordable housing development for seniors. The planned development complements "Southern Tier Soaring," the region’s comprehensive blueprint to generate robust economic growth and community development.
Located at 373 Canisteo Street, Hornell, the new apartments at Lincoln Gardens will be among the thousands of units that form the foundation of Governor Andrew M. Cuomo’s new, $10 billion House New York 2020 program to create or preserve 100,000 affordable units over five years.
James S. Rubin, Commissioner of New York State Homes and Community Renewal said, "Affordable housing is a key to stronger local economies and a better quality of life in communities throughout New York. The transformation of this vacant school into affordable housing is an example of the economic development momentum we’re seeing throughout the Southern Tier region. Since 2012, the State has invested more than $3.1 billion in growing the region’s economy. HCR continues to make investments that create the opportunity for more people to live in high-quality affordable homes, and at the same time add to the vibrancy of neighborhoods."
The $9 million preservation and adaptive reuse of the historic, vacant former Lincoln Elementary School will create 25 one- and two- bedroom units for seniors with incomes at or below 60% of the Area Median Income. Four of the units will be set aside for people with disabilities and one unit will be made available for those who have a hearing or vision impairment. Supportive services will be provided by Housing Advantage, Inc.