Albany IDA Project Index

Clinton Avenue Apartments II

Project Number: 123

Project Address: Scattered Site (Clinton Avenue)

Applicant Name: Clinton Avenue Apartments II, LLC

Owner(s): Nelson Leehouts, Sarah Struzzi, Megan Houppert

Developer: Home Leasing

Project Description:

The Project proposes to revitalize 6 properties located on Clinton Avenue in Arbor Hill. The proposed project includes the historic preservation of four vacant rowhomes and the adaptive reuse of a long vacant former school building and the new construction of a 3-story mixed use building into a total of 61 residential affordable housing units (36 – or +/- 59% - new construction and 25 – or +/- 41% - rehab) benefiting households with incomes up to 80% of the Area Median Income. Additionally, the mixed use building incorporates approx. 12,000 SF of commercial space dedicated to the Albany Center for Economic Success with the intention “to promote successful ownership of sustainable businesses among people of color, women and low-income individuals by providing technical assistance and incubator services.”

Approval Date: 01/21/21

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,658,514

Estimated Employment Impact: 150 Construction jobs and 17 full-time jobs created, 0 full-time retained

Albany IDA Project Index

Clinton Avenue Apartments II

Project Number: 123

Project Description:

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