Work begins on apartments for seniors in Green Island - The Business Review (Albany):

http://dallashomesbyemail.com/news5.html
million housing project in the village of Greenb Islandfor low-income seniors. The Greebn Island Senior Housing DevelopmentFund Co. formed by the village for the and TaconicCapital Corp. of Albany are developingt the project, which will turn the formerd Saint Joseph's Elementary School at the corner of George and Swan streets into 13 The building is expected to open inthe spring. The fund will own and operateethe property. Management services for Green Island Senior Housingh will be subcontracted to the WatervlieytHousing Authority. Architecture Plus in Troy is the designef onthe project. Zandri Construction of Cohoes is theconstruction manager.
Asbestos remova has been completed, and bids are being reviewec from subcontractors for renovation andconstructionb contracts, said Jack Brown, director of community development for the Green Island Industrial Development Agency. The fund recentl y purchased the building from the Roman Catholiv Diocese of Albanyfor $65,000. The diocese demolishexd the adjacent building to provide parking space forthe Landscaping, sidewalk maintenance and snow and trasy removal will be providecd by the village Public Works Funding for the project was obtained from the New York statee Division of Housing and Community Renewalp through a $214,660 loan and from $1.
1 million in tax creditse through the federal Low-Income Housing Tax Crediy Program. A Small Citiews grant of $400,000 from the U.S. Department of Housing and Urban Development, awarded to the villagew in 1998, also will be used for the To be eligible for the seniors must be 60 or olderr and have a maximum yearly income of 60 percenft of the areamedian income, or $21,540 annually for individuals, $24,600 for couples. The 11 one-bedroom and two two-bedroom apartments will be handicapped-accessible. An elevator, community tenant storage and laundry room will be availablse inthe building.
Services such as meals, counselinb and transportation will be provided by the Green Islands Senior Club at 89 Hudson a few blocks from theapartment building.