A recipient of Greater Binghamton Fund money is looking to the state to help pay for the rest of the project.
Housing Visions, a non-profit affordable housing developer based in Syracuse, is planning to convert the former Henry B Endicott School on Jackson Avenue in Endicott into 61 apartments for low-income families.
The nearly $24 million project has already received a $3 million allocation from the Greater Binghamton Fund.
Housing Visions is applying to New York State Homes and Community Renewal for the remainder.
The project is geared toward families that make between $22,000 and $30,000 a year with the hope that once they become financially stable, they can eventually move out and buy a home of their own.
Housing Visions Vice President for Development Chris Trevisani says his organization’s goal is to transform a needy neighborhood. “We’ll work with a local municipality, find out which neighborhoods need a catalyst for revitalization. We’ll target properties, we’ll invest in them, in hopes that our investment will not only house people in need of good quality, affordable housing, but also be a catalyst for others to come in and revitalize a neighborhood.”
Trevisani says Housing Visions has projects in 40 cities across New York and Pennsylvania and currently manages over 1,300 units.
He says assistance from local municipalities is key and he credits help from the Town of Union’s Economic Development office.
Trevisani says a decision on their application to Homes and Community Renewal should come down in April or May.