Eastview Terrace II is a 100% Low Income Housing Tax Credit and Project Based Voucher (PBV) development, which is part of a multi-phase, scatter site, mixed use/mixed income rental residential and commercial space project funded by a HUD Rental Assistance Demonstration (RAD) project totaling $25.2 million.
The project is comprised of seven buildings with 25 townhouse and flat-style residential rental units comprised of 2 four-bedroom, 6 three-bedrooms and 17 two-bedroom units with off street parking for residents. There are 2 two-bedroom handicapped units.
Each unit has central air conditioning, a fenced rear patio, combo living/dining area, washer/dryer hook-up. Landscaping and snow removal included in rent. A 6,066 sq. ft. community center offers youth programs, a half basketball court, computer lab, art room, playground and onsite property management and resident services offices.
The Glendower Group successfully took over management, redesign and rebuild of this very dilapidated complex.
Glendower Services included:
- Planning and Development
- Relocation Services
- Construction Oversight
- Property Management
|Type||Initial Number of Units||Number of Units Developed||Unit Type||Total Development Cost||MTW Commitment||Dollars Leveraged|
|Substantial Rehab and New Construction||150||102||RAD, PBV||$45M||$28.4M||$16.6M|
The Glendower Group Follow
The Glendower Group (Glendower) is a nonprofit 501(c)(3) instrumentality to Elm City Communities specializing in affordable housing real estate development.
Demolition and site work is underway at our Valley Street Development. Montagno Construction is hard at work removing existing structures and rough grading the site.