21-05-2025
New Endwell housing complex construction well underway
ENDWELL, N.Y. (WIVT/WBGH) – A new affordable housing complex is being built in Endwell geared toward making certain vulnerable seniors have a roof over their heads.
Non-profit developer CDS Monarch held a groundbreaking ceremony this morning for the Hooper Road Apartments complex in Endwell, even though the building is already well under construction.
CDS Monarch was formed in 2012 in the Rochester area and specializes in low-income housing projects across Upstate New York and Florida. Once completed, the complex will feature 78 one-bedroom apartments and a couple of two bedrooms. To be eligible, residents must be over the age of 62 and make between 30 to 60 percent of the Area Median Income. Half of the units will be reserved for seniors deemed at risk of homelessness.
CDS CEO Andrew Sewnauth says it's his company's first project in Broome County.
'The need for affordable housing keeps increasing. We're seeing it in Rochester, people need a place to live, they're moving from place to place to try to keep up with their income. We know that these type of projects are going to be in demand. The government has just put in more dollars in their budget this year just for more projects like this. So, we just see that it keeps increasing,' Sewnauth said.
CDS is partnering with the SEPP Group to manage the property. SEPP already runs the neighboring Marian Apartments complex. And the YWCA will provide supportive housing services for those in need. The $29 million project is receiving $15 million in tax credits and a $12 million subsidy from New York State Homes and Community Renewal.
Broome County is providing $400,000 from its ARPA funding. Sewnauth says the project, which has been in development for 7 years, is expected to be completed by the end of this year and ready for leasing early next year.
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