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Albany IDA Project Index

Sheridan Hollow Village

Project Number: 01011412

Project Address: Sheridan Hollow Neighborhood - scattered site

Applicant Name: Sheridan Hollow Village LLC

Owner(s): HV Consultants Holding Co., LLC, Key Community Development Corporation

Developer: Housing Visions Connsultants

Project Description:

The project is part of a comprehensive neighborhood revitalization strategy in the Sheridan Hollow neighborhood proposed by non-profit organizations Housing Visions Consultants, Inc., Habitat for Humanity Capital District, and Touhey Home Ownership Foundation. The project entails the construction of approximately 17 buildings, which will encompass 57 quality affordable rental housing units, 1,000 +/- SF of on-site management/community space, and 9,900 +/- SF of commercial space. The on-site management/ community space and commercial space will be part of two mixed-use buildings that will include affordable housing on the second and third floors.

Approval Date: 12/20/2012

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $908,012

Estimated Employment Impact: 45 construction jobs and 2 full-time equivalent jobs created, 16 full-time equivalent retained

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