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Capital Region Economic Development Council Announces Construction Underway at Valatie Senior Citizen Housing

(June 09, 2012)

Capital Region Economic Development Council Announces Construction Underway at Valatie Senior Citizen Housing

The Capital Region Economic Development Council (CREDC) today announced the official start of construction on Valatie Senior Citizen Housing in the Village of Valatie, Columbia County. The affordable, Green development is moving forward with nearly $1.7 million in awards from Governor Cuomo’s historic Regional Economic Development Council initiative. The project will generate more than $7 million in economic activity in the area and leverage additional federal Rural Development resources.

“Governor Cuomo’s Regional Council initiative is about empowering communities to chart their own path to prosperity,” said Todd Erling, Capital Region Economic Development Council member and Executive Director, Hudson Valley Agribusiness Development Corporation. “We are beginning to see those plans begin to take shape with community development projects like the Valatie Senior Citizen Housing project, which will not only provide affordable housing for our seniors but will spur economic growth in the area. As a member of the CREDC, I’m pleased to be a part of this community-based approach that is truly changing New York’s economic development strategy and giving the people who know their region best the tools to invest in their future.”

Darryl C. Towns, Commissioner/CEO of New York State Homes and Community Renewal said, “Governor Andrew Cuomo, the federal government, and our partners at Valatie Housing Group are proving that together we can make New York a better place to live. This development will fill a need for quality, sustainable affordable housing in Valatie and provide a boost to the local economy. I commend the work of the Governor’s historic Regional Councils for making projects like this a reality across our state.”

The new 32-unit development for low-income seniors and people with physical disabilities will include a community room, laundry room, computer room, and a senior center within walking distance. Valatie Senior Housing leverages $357,000 in federal Rural Development funding to assist with construction, and Rural Development is contributing a rental subsidy for the units for 50 years. The project is participating in several industry-leading energy-efficiency programs and will meet Green Building and Energy-Efficiency standards.

Bruce Levine, President of 3D Development said, "Valatie Woods was the first affordable senior development built in 1991, and it's been full ever since. This demonstrates the need for quality senior housing in Columbia County. Valatie is a wonderful community to raise a family, and when people retire they want to remain in the village they love."

Last year, a total of $785 million was awarded through the Consolidated Funding Application (CFA) for job creation and community development projects consistent with each region’s strategic plans. As part of that process, was awarded $1.7 million from New York State Homes and Community Renewal.

Senator Stephen Saland (41st S.D.) said, “Today marks the culmination of a long process of cooperation between the Columbia County Economic Development Corporation, the Valatie Housing Group and NYS Homes and Community Renewal. I commend their work to achieve this goal and was pleased to assist in making the Valatie Senior Housing a reality,” said Senator Saland. “This housing project is vitally important to the Village and Columbia County as it will allow senior citizens who can no longer maintain their home, the opportunity to remain active in their community and stay close to family and friends.”

Assemblyman Steven McLaughlin (108th AD) said, “The Capital District Regional Economic Development Council has made a serious commitment to help Upstate continue to rebuild our economy. Many seniors have spent their entire lives working and raising families in Upstate, and ensuring affordable and safe housing for them during their golden years is critically important. I’m honored to join today’s groundbreaking ceremony of Valatie Senior Apartments and wish great success in the years to come.”

Valatie Mayor Gary Strevell said, “Valatie senior housing will provide quality affordable homes for seniors and a boost to our local economy. I want to thank the Governor’s Capital District Regional Economic Development Council, Bruce Levine of 3D Development, Rural Development, and all the partners who came together to move this project forward. We look forward to watching this development come to life and to welcoming seniors to their new homes.”

Kenneth Flood, Commissioner of Columbia County Planning and Economic Development said, “Columbia Economic Development Corporation is proud to play a small part in making this project a reality. As Columbia County's residents need more housing opportunities in their later years, it is projects like this that not only satisfy the demand but help senior citizens remain in their communities.”

Patrick Grattan, Chairman of Columbia County Board of Supervisors said, “Columbia County’s first affordable senior housing development was constructed in Valatie in 1991 and I’m very pleased that Bruce Levine and Valatie Housing Group have chosen to locate the second senior citizen housing project in the Village. There’s a need for quality, affordable homes for seniors in the Town of Kinderhook and I look forward to meeting my 32 new neighbors.”

To learn more about each regional council and their economic development plans, visit www.nyworks.ny.gov.

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