New York State Homes and Community Renewal recently announced the opening of Cornerstone Pointe Apartments, a $14.3 million affordable, supportive development in the town of Greece for seniors ages 62 and older.
Developed by Rochester’s Cornerstone Group, the development includes 66 supportive homes with 33 units set aside for senior citizens enrolled in Medicaid.
“Residents of Cornerstone Pointe Apartments will be able to live independently with easy access to transit, health care and community services,” said RuthAnne Visnauskas, NYSHCR commissioner. “We are investing more than ever before in creating the affordable housing that is essential to building a stronger local economy and moving the Finger Lakes forward.”
Finger Lakes Forward, a $500 million state investment through the Upstate Revitalization Initiative, injected more than $5.2 billion into the region since 2012. Cornerstone Pointe Apartments complements Finger Lakes Forward by providing quality homes for seniors and revitalizing Greece’s economy.
The property comprises 66 one- and two- bedroom apartments designed for seniors; 33 apartments accommodate elderly households as an alternative to high-cost Medicaid nursing homes or emergency room care. Rochester Regional Health and its affiliates will provide supportive services including ElderONE, a program that provides patients an alternative to nursing home placement with in-home care.
The nearly 70,000 square foot complex is located on 4.4 acres on the east side of Long Pond Road. The first floor features a manager’s office, supportive services office, sitting room, computer workstations, community room and patio. Seven units are fully accessible and move-in ready for those with mobility impairments, and feature lowered countertops and cabinets in kitchens and bathrooms, as well as roll-in showers. Three units accommodate those with vision or hearing impairments, featuring horn/strobe light units, doorbells tied to chimes/lights and visually distinct electrical outlets and switches.
The development is adjacent to Long Pond Senior Housing, a 54-unit senior housing complex developed by Rochester’s Cornerstone Group. The neighborhood offers access to public transportation, retail shopping, pharmacy and health services and The Mall at Greece Ridge.
“Cornerstone Pointe Apartments is a great addition to the town of Greece, and will offer safe, supportive housing options for more seniors right here at home in Monroe County,” said Cheryl Dinolfo, county executive. “We thank the Cornerstone Group, New York Homes and Community Renewal and all partners involved for helping to make this project possible.”
The state’s $20 billion, five-year housing plan seeks to make housing accessible and combat homelessness by building and preserving 112,000 units of affordable housing and 6,000 units of supportive housing. The plan includes multifamily and single-family housing, community development and rent stabilization.
NYSHCR provided $7.3 million in financing for the project in the form of tax-exempt bonds, and $6.5 million through the Supportive Housing Opportunity program. Its federal low-income tax credit allocation will generate $4.3 million for the development. The city of Rochester Housing Authority will provide project-based rental assistance.