News Tidbits 3/10/18: Affordable Housing Week 2018

11 03 2018

For today, let’s take a look at the entrants competing for the city’s affordable housing funds.

The Ithaca Urban Renewal Agency will be holding public hearings on Thursday 3/22 and Thursday 3/29 s part of the process to determine who will receive money from the Housing and Urban Development (HUD) grants awarded to the city. The 28 applications, three more than last year, range from jobs training to community services to the development of affordable housing.

In aggregate, there is $2,042 million requested, and about $1.239 million available. For the sake of comparison, that’s a 60.6% funding vs. request ratio, slightly more than last year’s 58%, but less than the 83.2% ratio of 2016, and the 67% ratio in 2015. 2016’s ratio was high because of $273k in unspent money originally earmarked for the earlier INHS plan for 402 South Cayuga Street.

Roughly speaking:

Year    Request    Amount Available

2015 / $1.78m / $1.215m

2016 / $1.85m / $1.54m

2017 / $1.982m / $1.149m

2018 / $2.042m / $1.239m

Unfortunately, HUD funding is not going up – of that $1.239m, about $184k is carried over from 2017 – Finger Lakes ReUse decided to decline last year’s $50k award, as did 402 South Cayuga Street ($80k, Habitat for Humanity’s cancelled project) and Housing for School Success (~$34k). The other roughly $20k was unallocated funds. In truth, the award for 2018 is $1.055 million, while requested amounts continue to rise, and the head of HUD gets embroiled in scandal for, among several reasons, ethics issues involving HUD business dealings with his family, and trying to spend $31k on a dining set for his office.

Without discounting the value of the other applications, the focus here will be on the real estate development projects. A full rundown is provided by my Voice colleague Kelsey O’Connor here. For the record, writing about a project is neither an endorsement or opposition from this blog.

1. First, 402 South Cayuga Street. This site has had a rough history, unfortunately. It’s a small vacant lot just south of Downtown Ithaca that has had little good luck in the past several years. Five years ago, INHS originally attempted to build four units of for-sale housing on the property, but could not make it financially viable, as construction costs rose beyond what they could do within budget. Another developer proposed a market-rate plan, but the city, which owns the lot, has a strong preference for affordable for-sale housing. Habitat for Humanity also made an effort to build for-sale housing on the site, but it too saw construction costs rise beyond their capacity.

The grant application, $150,000 towards that $1.057 million project, would revive the INHS plan the planning board approved a few years ago. Two of the townhomes would sell to households making at or below 80% of Area Median Income (AMI, at or below $42,400/year for a single person), while the other two would sell to those making at or below 100% AMI (at or below $53,000/year), sometimes called “missing middle” housing. The funds would be used for construction and soft costs (legal paperwork, permit fees) on the two lower-priced units.

The reason why this is feasible now is that for one, the planning and design costs from 2013 have been paid off and the design is nearly the same, and two, the project will be modular instead of stick-built. INHS would partner with Cayuga Country Homes to build the four units. The units would be locked into the Community Housing Trust, and include features not in the previous plans, such as air-source heat pumps. However, the bay windows on the north and south walls have been removed from the new plans.

Breaking it down a little more, the construction cost would ring in at around $177/SF, about 10-15% less than stick-built. The three 2-bedroom units are 1190 SF and will cost about $210k to build, while the three-bedroom will be 1352 SF and cost about $239k to build (total about $870k, of which $830k is consumed by hard costs, materials and labor).

INHS will sell the 80% AMI two-bedroom at $121k, and the 80% AMI three-bedroom at $139k. The two 100% AMI units will sell at $159k. INHS will need to cover the remaining $291,000 with grants and subsidies just to break even. It is possible to build marginally cheaper, but insurers require INHS has to use contractors with at least $1 million in workplace liability coverage.

If funding were awarded later this spring, the units could be ready by April 2019. Although the construction method is different, the exterior changes are generally cosmetic – slightly different window arrangements, deleted bay windows, and porch details. It’s still at its essence four 2.5 story townhomes with ground-level rear garages and cantilevered rear decks. It is possible they could be signed off on at the staff level, but it’s more likely they would need to pay a quick visit to the planning board. The exterior changes could be reviewed and approved in one meeting.

2. The other INHS submission is titled “Scattered Site Phase 2: New Construction”. The request is for $100,000 to help cover soft costs (architectural and engineering fees) associated with the projects in the application. Calling them “scattered” is a little bit of a stretch – it’s two sites. One is 203-209 Elm Street on West Hill. That will have thirteen units, replacing twelve existing units, a count that includes 4-unit 203 Elm Street, currently vacant due to structural concerns. Six of the thirteen will be targeted to households at 50% AMI ($26,500/year for a single person), and the other seven at 60% AMI ($31,800/year). Ten of the units are one-bedrooms, and the remaining three are two-bedrooms.

The big question is the $16 million project planned for Downtown Ithaca. Although INHS cannot name the applicant, there were enough hints to figure it out with a fairly high degree of certainty. I can’t run conjecture on the Voice, but here, well, take the disclaimer that I could always be wrong. But consider the following:

From the notes in the application, we know it is:

  • In census tract one – mostly Downtown and the State Street Corridor.
  • The current site is a small commercial building.
  • It is in the CBD – Central Business District.
  • The site would host 20,000 square-feet of commercial space, and 40 housing units. The 30 one-bedroom and 10 two-bedroom units would be set aside for those making 30-60% AMI ($15,900-$31,800/year).
  • An unknown number of units would be set aside for formerly homeless individuals or those in need of supportive housing. The current owner would provide supportive services in the first-floor of the commercial space.
  • The partner in the project has provided services for over 150 years.
  • INHS would buy the land for $750,000.

The only site that checks off all the boxes is the Salvation Army property at 150 North Albany Street. It is currently valued at $800,000, following a $100,000 bump upward last year. A back of the envelope suggests a gross square footage of 55,000 SF, plus or minus a few percent. That would put the new build at roughly the same size as Breckenridge Place (55,300 SF).

Zoning at the site is a little odd – it’s a split, CBD-60 on the southern two-thirds, and more restrictive B-2d on the northern third. CBD allows up to 60 feet in height, 100% lot coverage no parking requirement. B-2d allows four floors, 40 feet in height, and has no parking requirement if a building is more than 60% residential use – which there’s a fairly high chance this project would exceed. I’m picturing something five or more likely six stories on State, and stepping down to four on West Seneca Street. But, there’s still a chance I could be wrong, and this may isn’t the right site.

An approximate construction time frame for the mystery project appears to be October 2019 through January 2021. A sketch plan revealing the mystery partner and site is expected to be shown to the city planning board in June. SWBR Architects of Rochester is in charge of design.

3. The last one I’ll cover is the Finger Lakes ReUse expansion. Let’s preface this by saying they don’t own the site – the former grocery store turned BOCES turned eco-services non-profit entered into a purchase agreement with John Novarr in February 2014 to purchase the building for $1.25 million (below the assessment of $1.35 million), which they will do exactly five years after the agreement was signed, in February 2019. The $100,000 requested would be assistance towards the purchase of the property, freeing up their money to work on their upcoming construction projects.

As is, the site is a 17,000 SF retail building, and a 1,330 SF former garage/repair shop. Plans have been proposed for major additions – 6,500 SF of retail, 65,000 SF of office space, and 12,000 SF of supportive housing, which consists of 22 studios for low-income individuals, with emphasis on formerly homeless and/or incarcerated individuals. Welliver, INHS and TCAction have provided guidance and assistance; Welliver may be the general contractor as construction proceeds, and TCAction may manage the housing units. STREAM Collaborative is the architect.

Point of confusion – the approved plans call for a 26,100 SF, 4-story building with mixed-use retail, office and living space components, and an 8,100 SF open-air metal warehouse for reclaimed wood processing and storage. That all totals 34,200 SF, not 83,500 SF. There’s 49,300 SF that is not clearly spoken for.

The warehouse is phase one, will cost about $500,000, and be ready by Q3 2018. It will generate at least three living-wage jobs (an estimate Finger Lakes ReUse says is conservative). Phase two is funding dependent on the affordable housing component, and will provide at least six new living-wage jobs. Although NYS HCR affordable housing grants don’t typically cover commercial space, they can be applied to mixed-use structures.

The total project cost is $10.521 million. $1.89 million of the costs are covered with a NYSERDA grants, and Empire State Development has also offered a $500,000 economic development grant. Add in other grants and awards received or being pursued, and it appears that only about $3 million will be covered through loans. IURA funding an extra $100k makes the project more competitive for other grants, since FLR will have demonstrated they have more secured funds, and a higher chance of moving forward. The idealized time frame calls for a late summer 2019 construction on Phase II with completion a year later, but sit back and see what happens with applications and awards first.


The Tompkins County Housing Strategy

18 05 2017

The County’s Housing Strategy draft was originally going to be in the next news roundup, but it’s large enough to do separately, and my colleague Kelsey is tackling this meeting for the Voice. For those who couldn’t attend the Housing Strategy hosted by the county last Wednesday evening, the presentation is here and the outline is here. Comments can be sent to the Planning Department here from now through the end of the month.

First, quantities. This was touched on in the news round-up a couple of weeks ago, but the county would like at least 580 units coming online each year, plus specialty student and senior housing. For comparison’s sake, the county hasn’t exceeded that value since 1994, when Kendal was permitted in Cayuga Heights, and prior to 2016, the last time it exceeded 500 units was in 2000.

In more recent years, the value bounced between 200 and 300 units in a given year; during the recession, it dropped into the mid-100s. The article linked above is older, so it lacks the 2015 values, which were 279 units countywide, consistent with 2012-2014. Then we get to 2016, which was just finalized by HUD. There were 575 units, of which 121 were single-family homes, and 454 were multi-family structures. Let’s present that by community (click on the table to expand):

Cayuga Heights and Freeville didn’t approve a single unit, while the 271 units in Ithaca city is their highest stat since 2000, and the second highest in the 35-year online record. Dryden village’s growth can be attributed to Poet’s Landing Phase II, Ithaca town’s to Cayuga Meadows, and Lansing town’s to the Village Solars.

The point of this is to illustrate that 580 units annually is a lofty figure, but it is an attainable goal.

Then we get to locations. The ideal is to focus the growth in the city of Ithaca – since these stats are non-student housing, the targeted areas in the city include Downtown, the State Street Corridor, West End/Waterfront, and anything they can displace from the big box corridor on the southwest side. If a good opportunity for infill presents itself elsewhere in the city, that’s great, but it’s not the focus.

However, not everyone wants to live in Ithaca. Land in the “nodes” is cheaper and oftentimes the approvals process is easier. The county envisions 50-100 in the villages and growing hamlets like Varna and South Lansing, were a town center concept is in the RFP review process. Rural hamlets would see a handful of units annually (30 or less), and other locations basically just refers to Lansing’s suburban sprawl between the village and South Lansing. The town is hellbent on development any which way it happens, conventional approaches are the easiest to get financed, and the county’s not going to fight them.

The county’s housing strategy is three-pronged: Information/Collaboration, New Units and Existing Units.

  • Information and Collaboration includes a virtual housing office for resources and a collaborative network to formulate and pitch housing solutions. It’s kinda vague in the notes.
  • New unit strategies include support for targeted new development, streamlining zoning and examining potential incentives through the IDA.
    • Targeted new development can include RFQs for government-owned surplus property, early community engagement regarding DFAs (Development Focus Areas) and assistance in producing “shovel-ready” sites through things such as sewer access and energy hookups.
    • Streamlining zoning is to make it easier to get an initial product that will look like the final product – less uncertainty, less money spent on revisions. Inclusionary zoning seems pretty much dead in the water, as the county doesn’t seem to know if the community will support incentives for affordable housing, or if will even be effective. Done wrong, an inclusionary ordinance could actually result in less housing, if the burden is too great for the incentives offered.
    • Additional IDA incentives could include mixed-market or all-affordable rentals being eligible for abatements, and possible an abatement for any neighborhood or community who builds in inclusionary zoning. Looking at you, Trumansburg.
  • Existing unit strategies include the encouragement of rehabs (especially from rentals to owner-occupied), code enforcement and fair housing enforcement. Airbnb is still a tricky issue, so expect some tweaks to regulations on what constitutes rentals, hotels and legal occupancy.

There’s also a strong support/monitoring component in the strategy, which basically is a tracker of all projects underway, what stages, what they consist of, and so on. Beat you to the punch guys.

News Tidbits 3/12/17: Affordable Housing Week 2017

13 03 2017

It’s been a busy week. Let’s start by reviewing some of the entrants for the city’s affordable housing funds.

The Ithaca Urban Renewal Agency will be holding public hearings on March 16th and 23rd as part of the process to determine who will receive money from the Housing and Urban Development (HUD) grants awarded to the city. The 25 applicants, same number as last year, range from jobs training to community services to the development of affordable housing. All summed up, there’s $1.982 million requested, and $1.149 million available; that’s up from $1.85 million requested in 2016, with $1.54 million available (about $273,900 of that came from the returned funding for INHS’s cancelled project at 402 South Cayuga Street). In fact, the amount of money available is the lowest it’s been in a few years – in 2015, $1.78 million was requested out of $1.215 million available, just a little over two-thirds of the total. With the increasing requests, the chances for funding have gone down this year.

Without discounting the value of the other applications, the focus here will be on the real estate development projects. For the record, writing about a project is neither an endorsement or opposition from this blog.

1. The big new proposal coming out this year appears to be Lakeview Health Service’s plan for the corner of North Meadow and West Court Streets on the city’s West End. I expanded on the basics in a Voice article here, but for the blog’s sake, we’ll take a look at the finances.

In terms of leverage, it’s a pretty big project – a request of $250,000 towards a $20,081,186 project. However, keep in mind this project is only eligible for HOME funds and not CDBG (Federal Community Development Block Grants), and the city only has $295,245 in HOME funds to work with after overhead is taken into account – this is a pretty substantial request for something still in the conceptual stages.

The project fills a substantial by providing 50 units of affordable rental housing, all 1-bedroom units, in a 5-story building. Not only that, but half of those units would be set aside for those living with psychiatric disabilities. Ten of the general housing units would be available to those making 50-60% of area median income (AMI, about $27-$32k), with the other 40 going for less than or equal to 50% AMI. Those units will be interspersed with the general affordable housing. The special needs residents will be considered case-by-case; it’s for those who are generally independent, but may need assistance in stressful or difficult times. Lakeview will maintain an office on the first floor that will be staffed 24/7.

Some retail space will also be available on the first floor, which helps to cover the operational expenses, and meets the city’s goal of a more dense and vibrant West End. 17 parking spaces will be provided, so it’s expected the residents will utilize bikes and mass transit. The design will be slab-on-grade, with a deep foundation – soil in this part of the city is poor due to the high water table, so projects either have to be one or two floors with slab foundations, or they have to build enough floors to accommodate the costs of driving piles into the ground, in this case 80 feet down. This is something to keep in mind with the waterfront rezoning, as the soils are pretty similar.

The pro-forma assumes $730,300 in income in the first year after vacancies are noted, and about $313,500 in expenses, leaving a little over $416,800 for debt service. Everything goes up a little bit each subsequent year for inflation. The debt service is scheduled to last for 50 years.

Rochester’s PLAN Architectural Studios is the architect, so expect a modern design not unlike the cancelled concept plan for the Elmira Savings Bank site on West State and Meadow. The preliminary floor plan suggests the retail will face West Court Street rather than the Meadow/13 corridor.

As with many affordable projects, this one has a rather extended schedule due to the need to compete for public grants in tandem with private loans – funding applications are being submitted this year with loan awards during 2018, including the IURA’s. Construction would be from October 2018 to April 2020, with rent-up shortly thereafter. It’s odd to think this likely won’t even show up in the 2020 census, but we’re starting to get that far into the decade.

2. Meanwhile, Habitat for Humanity is continuing to move forward with their 4-unit townhouse plan at 402 South Cayuga. The non-profit has agreed to purchase the land from the city for $32,000, a below-market price that the city is fine with accepting, given Habitat’s plans for 4 owner-occupied affordable townhomes for those making 30-60% area median income (AMI). They are requesting $80,000 towards the $270,000 cost. It appears that Habitat’s splitting it into two phases, two units in each – given the small size of their organization, it’s a sensible approach. $540,000 for ~5200 SF of units is also quite a deal, at about $104/SF, about half the cost of an INHS project. Habitat does have volunteer labor that it can utilize.

Habitat is hoping to parlay the Morris Avenue two-family they’re doing later this year into sustained interest and funding for Cayuga Street – attracting donors with one city project, who might be interested in donating time and dollars to the next one. Like with Lakeview, construction is likely on a 2018-2020 timeframe. They’re also only eligible for HOME funds, so either Lakeview or Habitat will not be getting their full request, possibly both.

3. On the economic development side, TCAction is requesting $84,200 towards their $8.25 million childcare center at 661-665 Spencer Road. The project is part of the Amici House plan and was approved by the city concurrently, but technically separate from the 23 units of vulnerable youth housing being provided next door.

Named for a late, long-time TCAction employee Harriet Giannelis, the project helps fund the site acquisition – one of the land parcels is owned by the county, and TCAction has a $184,000 purchase lease-back agreement (the county bought the land from a private owner, and they’re currently leasing it to TCAction), which will be paid off partly with the IURA funds. The new 7,010 SF childcare center will provide daycare and early-education programs (Head Start) to 40 low-income children. Although promising three new jobs in the application, TCAction expects 21 Full-time equivalent positions to be created. It’s easier to provide an employee’s lifetime income documentation for 3 staff vs. 21. Welliver will be the project contractor, so expect local union labor.

Most of the other funds come from county, state and federal grants – another $500,000 comes from a loan with M&T Bank.

4. Also on the economic side is Finger Lakes Re-Use’s expansion plan at 214 Old Elmira Road. the non-profit has refined their plans for a new mixed-use expansion, and plans to start the city’s formal project review process later this month. Some of the numbers have been tweaked a little bit, but the basic components are the same – Finger Lakes ReUse would work with Tompkins Community Action (TCAction) to bring a new 4-story, 26,100 square-foot (SF) building to FLR’s property at 214 Old Elmira Road. The first floor would expand FLR’s retail operation, while the upper floors would provide office space for FLR, and 22 units of transitional housing for formerly homeless individuals. Plans also call for an 8,100 SF warehouse for salvaged lumber/wood, and a 600 SF pavilion. 79 parking spaces are included in the project.

As with TCAction’s Giannelis Center, 9 FTE jobs are expected to be created by the $10 million project, but FLR promises to provide previous income documentation for 3. The monetary request from the CDBG funds is $100,000, and they will also be using Welliver. Welliver seems to be the safe choice when a developer wants subcontracted or direct local union labor.

The application states the $100k is going towards site acquisition, which I’m not fully following since they own the property and it doesn’t appear any new property is to be acquired. Perhaps the site has legal stipulations that have to be bought away? It’s not totally clear.

If I can be an architecture critic for a moment, I like the warm colors, but that largely blank east stairwell is kinda bleak. Maybe use those orange panels on that as well? Or another warm color?

Anyway, we’ll find what the IURA thinks; funding will be determined by the end of April, and formally awarded in June after the city’s Planning Committee signs off on the disbursement.




News Tidbits 2/25/17: Creating a Place to Call Home

25 02 2017

1. It looks like the homes designed for Tiny Timbers won’t just be limited to Tiny Timbers. The company has partnered with realtor Brent Katzmann for a to-be-built house in Lansing’s Farm Pond Circle housing development touts a Tiny Timbers-based home design by STREAM Collaborative. 1.09 acres and a 2 bed, 2 bath 1,430 SF house for $219,400. The relatively low price compared to most new builds is in part due to Tiny Timbers’ modular approach – the “Big Cube” retails for $156,900 with a finished basement, and the Farm Pond parcels go for $39k-$45k, so not counting the soft costs (permits/marketing), that pretty much sums up the costs.

Farm Pond Circle is a 19-lot subdivision in Lansing town that was the brainchild of the late Jack Jensen. All homes have to exceed state energy code by 20%, cannot exceed 2600 SF, and cannot use aluminum or vinyl siding. A couple lots have been aside for affordable single-family home construction. After Jensen’s passing in 2014, another local homebuilder, Bruno Schickel (Boiceville Cottages), picked up the undeveloped lots (10 of the 19) for about $165k last February, and intends to follow through on Jensen’s plans.


2. Speaking of Tiny Timbers, it appears the budding modular timber-frame builder is expanding their offerings into a full line of homes. Tiny Timbers now has 16 different models in five series. Prices range from a completed 600 SF model with no basement at $109,900, to a 1,950 SF model with finished basement at $197,900, land and well/septic not included.

In a blog post on their website, Caleb Dolph, builder Buzz Dolph’s son and the guy in charge of marketing, says that the first sold house is underway in Hector (if Ithaca had exurban areas, Hector would be it), at least five others are in contract, though it’s not clear if any of those are for the 15-lot Varna site. Given that they planned for ten houses in 2017, the Tiny Timbers staff might have underestimated the market, which is more a fortunate challenge than a complaint.

3. A local non-profit is looking to expand its real estate footprint a little bit. Tompkins County Opportunities, Alternatives, and Resources (OAR) is seeking to buy a run-down house at 626 West Buffalo Street and renovate it into five beds of transitional housing for those getting out of jail and trying to get back on their feet. The intent is to provide, safe, secure housing to better help with the transition process, which can include education, job training and mental health and/or addiction treatment. The county would provide $100,000 in a one-time allotment – the house is for sale for $99,999, the purchase offer is for $95,000, and a further $60,000 would be spent on renovations. The rest of the money ($55,000) comes from grants, donations and a mortgage. Ultimately, the goal is to provide decent housing that helps reduce the recidivism rate (convicted persons committing more crimes), ideally saving the county on future court and incarceration costs, as well as what they hope pans out to a lower crime rate.


4. Staying on the topic of special needs housing, the Second Wind Cottages is looking to add another three cottages in Newfield this year. The cottages are modest, ~200 SF and costing $12-$15k each to build. As reported by the Times’ Jaime Cone, every unit provides shelter to a formerly homeless male. Rents are “pay as you can”. A small community facility provides services like a kitchenette, office, washer and dryer. Three more cottages are planned for 2018, which will round out the “campus” with 18 units. A similar facility is planned up the road, one that will house homeless women and children. Although Newfield is a ways out, both sites are on the bus line into Ithaca.

The Second Wind Cottages are a private endeavor by businessman Carmen Guidi, and paid for through grants, fundraisers, and donations (money, furniture, etc). Volunteer labor similar to that used for Habitat for Humanity is utilized and welcomed. Like with the OAR house, by providing a safe, warm space to live, these units may help reduce homelessness and the issues homelessness creates.



5. Work has yet to start on the new two-family home planned at 123 Eddy Street in Collegetown, but it looks like developer/landlord Nick Lambrou is seeking major changes to the project. Lambrou wants to replace the approved design at top, with the one below, which is copied from a Craigslist posting. The designs are both by Jagat Sharma, but the new plan is a variant of the two-family homes that Sharma’s doing for Charlie O’Connor at the recently-approved 4-building 607 South Aurora project.

The property falls into the East Hill Historic District, which is under the ILPC’s jurisdiction. According to Bryan McCracken, the city’s Historic Preservation Planner, the design will be heading for review within the next month or two.

The design has been used before so there’s familiarity with the design and lower risk, plus there are possible cost efficiencies if using the same contractors as O’Connor, because they’ll move quicker as they’ve done it before. On the other hand, unlike 607 South Aurora, this property is in the East Hill Historic District, and full-time neighbors on Orchard Place have been watching these plans very closely – they’re wary of students, and will likely not be fans of the projecting second-floor porch, as the previous version was tucked into the building. Not sure using a slightly more decorated version of a design being deployed elsewhere will get the ILPC’s blessing, but we’ll see what happens.


6. Why yes, Lansing town is still hopping mad about the natural gas issue. The town supervisor cites the tap-out as the cause of delay for Robert Weinstein’s 102-unit Cayuga Farms project, although the previous documentation says it’s a sewer issue – the developer has to deploy an Orenco modular sewer system, which has to be approved by the NYS DEC.


7. Here’s a copy of Maplewood’s buildout timeline. The first Maplewood apartments should start construction in May 2017, pending no issues. Generally, the crews will be working from the outside in; buildings closer to Maple Avenue and Mitchell Street have earlier construction schedules, while those interior to Maplewood will start in the fall or early winter. Also, street names. Veteran’s Place will continue to be the main thoroughfare, but from north to south, it will intersect with “James Lane”, “East Sylvan Mews”, and “Lena Street”. James Lane wraps around to form the secondary N-S thoroughface on the east side of the parcel. James and Lena Mitchell were the original owners of the property when Ithaca was first settled in the early 1800s.

The Stormwater Property Protection Plan (SWPPP) still needs to be okayed by the town of Ithaca, but that’s about the only thing left before final approval is granted.


8. It looks like the Planning Board meeting should be interested. Not a whole lot being decided, but some sketch plans have been submitted. For rental projects aiming for August 2018 openings, Feb-Apr is going to be the primary submission period, as they seek approvals by May or June so that construction can run on a Summer 2017 – Summer 2018 schedule.
AGENDA ITEM Approx. Start Time
1.Agenda Review 6:00

2. Privilege of the Floor 6:01

3. Subdivision Review
A. Project: Minor Subdivision 6:10
Location: 109 Dearborn Place, Tax Parcel 9.-3-11
Applicant: Lee and Elizabeth Ambrose
Actions: Declaration of Lead Agency, Public Hearing, Determination of Environmental Significance, Recommendation to BZA

4.Site Plan Review
A. Project: Apartments (11 Units) 6:30
Location: 107 S Albany Street
Applicant: Stavros Stavropoulos
Actions: Declaration of Lead Agency, Public Hearing, Determination of Environmental Significance

B. Schwartz Plaza Redesign- Sketch Plan 6:50

More on that here.

C. 238 Linden Avenue – Townhomes – Sketch Plan 7:10

238 Linden is a non-historic student rental house, and a John Novarr property in a CR-4 zone – 4 floors, no parking required. Further to that, 240 Linden to its north was taken down for staging space for the Breazzano Center, but as that will be finishing up this Spring, it leaves an MU-2 (six floors, no parking) parcel open for development. A townhomes plan suggest one or both of these parcels will host something not unlike the ikon.5-designed townhouses plan Novarr plans to build at 119-125 College Avenue.

D. 372 Elmira Road – McDonalds Rebuild – Sketch Plan 7:30

If Ithaca’s lucky, it’ll have upscale features like the one finishing up in Dryden. Otherwise, a modern update to the 1980s design is plausible. A number of older McD’s restaurants nationwide have been upgraded to the new design in the past few years.

E. 301 Eddy Street – Student Apartments 7:50

This is intriguing. 301 Eddy is a Nick Lambrou property in an MU-2 zone – a four-story, 8-unit/37 bed apartment building built in 1995, and it’s also the address for Collegetown Park’s parking lot. One possibility is replacing part of the parking lot with another apartment building – Lambrou may push to six floors, but it’s not his style. He’s described his offerings as “boutique” buildings, properties with less than 20 units and 20-50 bedrooms. Recent examples include 2015’s 116 Catherine Street, and 2012’s 309 Eddy Street. If the past is any precedent, this will be a Jagat Sharma design.

5. Zoning Appeal: #3057, Area Variance, 109 Dearborn Place 8:10

6. Old/New Business: Special Meeting Chainworks District DGEIS – Transportation 8:20

7. Reports
A. Planning Board Chair (verbal) 8:30
B. Director of Planning & Development(verbal)
C. Board of Public Works Liaison (verbal)

Poet’s Landing Phase II Construction Update, 2/2017

23 02 2017

Poet’s Landing is moving along. Framing for the first eight-unit building is underway; the slab foundation has been poured for two more. The other four buildings in the 48-unit project will come along as the weather warms up – it’s possible that LeChase may have the sites cleared forms ready for the rest of the foundation pours, but they may be buried under the snow (this was the first place I visited last Saturday morning, so the unseasonable heat had yet to do its melting magic).

According to an article published just yesterday, Boston Capital has bought the Low Income Housing Tax Credits (LIHTCs) awarded to Conifer Realty to help finance the project. The Boston-based real estate investment firm paid $7.6 million. Boston Capital can apply those credits to the taxes on its holdings, and Conifer gets the money it needs to pay for hard and soft development costs (which total $10.8 million, the rest coming from federal/state grants and equity). Boston Capital is a frequent partner of Conifer, having bought their LIHTCs many times in the past, including those awarded to the 72-unit first phase of Poet’s Landing that opened a few years ago.


Quoting, which also had the first actual render of the project shown above:

“Located on 10 acres, Poets Landing II will feature 16 one-bedroom, 24 two-bedroom, and eight three-bedroom units in six two-story buildings. Units will include central heating and air conditioning, dishwashers, patios/balconies, and storage. Residents at Poets Landing II will have access to the community amenities at Poets Landing I, which feature a leasing office, a great room, a computer workstation, a laundry center, and a playground. The apartments will be available to families earning 60% or less of the area median income.”

20170218_095951 20170218_100015 20170218_100102 20170218_100157 20170218_100221 20170218_100254 20170218_100323 20170218_100326 20170218_100330 20170218_100346


News Tidbits 2/18/17: Credits and Loans

18 02 2017


1. Over in Lansing village, it looks like the new Arleo medical office building is starting to moving forward. A sketch plan of the project was presented at the village planning board’s meeting earlier this week. Although Lansing doesn’t upload accessory docs like site plans and elevations, this one has been floating around for the past several months in marketing material as “Cayuga Ridge”. Quoting the May 7th 2016 news roundup:

“The new one-story building, which appears to be designed by Binghamton-based Keystone Associates, would be off of Warren Road, although it looks like the building would be accessed from a driveway coming off of Uptown Road. The 2.71 acre property north of 100 Uptown Road is zoned “Human Health Services District” by the village, and borders undeveloped land owned by Cornell, and several other suburban medical office buildings built over the past few decades. The resolution on the attached site plan is too low to determine the square footage, though it looks to be in the low tens of thousands.”


2. For those who like their cottages tiny – it looks like Schickel Construction has begun work on the spiritual successor to their 140-unit Boiceville Cottages project in Caroline. The 40-house rental development is called “La Bourgade on Seneca”, and is located in the town of Hector, in Schuyler County just outside of Burdett village. For the record, Bourgade is a French term for an unfortified village or settlement. More details can be found on the website here. There will be two cottage types available -, “The Classic”, a 2-bedroom, 900 SF plan that will rent at $1,495/month, and “The Spacious”, a 2-bedroom with a dormer loft space totaling 1,000 SF and renting at $1,695 month. The house very much like their Boiceville cousins, but with angled eaves (dunno what the correct term is and google’s not helping – if there’s an architect reading, please chime in). All units will have lake views.

Personally, I see this as a stretch for the Ithaca market, since it’s 25 miles west of the city. But it might tap into a more plebeian contingent the wine country crowd, the wealthier of whom have taken to building grand vacation or permanent homes along the Finger Lakes in recent years. The first 9 units, three clusters of three, are currently under construction, as is a community center. Delivery is expected in May 2017.


3. It looks like Ithaca College is putting some more thought into their housing needs. The college has been meeting with planning firm U3 Advisors to explore the possibility of new off-campus student housing.

U3 Advisors is already familiar with the area, as they are also under contract with Cornell to formulate their off-campus housing plan. Unlike Cornell, however, Ithaca College has no plans to grow enrollment – the master plan expects it to stay steady around 7,000. However, many of the dorms are reaching the end of their useful lives, meaning that the college can either sink a fair sum into renovation and replacement of utility systems, or tear down and build anew. An off-campus option could either be a private entity on private land, or a deal on IC-owned land like what Cornell and EdR are doing with Maplewood. A 200-300 bedroom off-campus option could mesh with the town of Ithaca’s visions for a walkable South Hill neighborhood on the intersection of Route 96 and King Road.

It’s still just studies and meetings at this point, but as the oldest dorms hit 50 years old on South Hill, there might be something fresh in the pipeline. We’ll see what happens.


4. Ithaca’s West End will be welcoming a new tenant in the next couple months. Courtesy of Nick Reynolds over at the Times, the USDA is shifting its regional office out of Community Corners in Cayuga Heights, and into Fulton Meadows, a commercial office building at 225 South Fulton Street. the move is being undertaken in anticipation of the construction of Tim Ciaschi’s new Cayuga Medical Associates office building, which is set to get underway at Community Corners later this year.


5. Looks like we have an idea of the price tag for Visum Development’s 201 College Avenue. According to a construction loan filed with the county on the 15th, S&T Bank loaned Todd Fox’s company $7,870,673 to help cover the costs of the project. The breakdown in the filing says $6,841,038 for hard construction costs (materials/equipment/labor), $507,000 in soft costs (permits/legal/marketing/financing fees), $300k in contigency and $226k in interest reserves. Add in the $2.64 million for the land purchase, and the total comes to $10,514,180.

That’s something of a premium because the project is on an accelerated schedule after the big hullabaloo with Neil Golder and the city Planning Board last fall. Note that the loan doesn’t cover all the costs and that there is money from other sources, like cash equity from Visum itself.

S&T Bank is a regional bank based out of Western Pennsylvania, but they’ve been making inroads into Ithaca’s commercial lending market. S&T Bank also financed the construction of the Holiday Inn Express that recently opened on Route 13, lending $5,973,750 to the hotel developers.

Quick aside, I think this is the first time I’m seeing the square footage calculated out – 201 College will be 33,398 SF.


6. Hopefully this runs after by INHS refinancing explainer, so it makes more sense. Quick rehash, low income housing tax credits (LIHTCs) are sold to banks and similar financial institutions so that they get the tax credit, and the affordable housing developer gets the money they need to move forward with a project. With that in mind, here’s an interesting though unfortunate tidbit from INHS’s Paul Mazzarella:

“This following may be more than you want to include in this article, but it is relevant.  The pricing of tax credits exists in a marketplace where they rise and fall in value.  In past projects completed by INHS, we’ve received from $0.91 to $1.02 of equity investment for each dollar of tax credit.  The pricing of tax credits has recently plummeted because of the recent election and the uncertainty in DC.  This is mostly due to discussions about changing the corporate tax rate.  A lower corporate tax rate will mean that companies have less profits to shield from taxes and therefore the demand for tax credits will be reduced.  Even though no changes have yet been made to the corporate tax rate, just the discussion about this has reduced the pricing of tax credits to around $0.80.  What does this mean for INHS? It means that the project that we’ve been working on for several years suddenly has a funding gap that didn’t exist a few months ago, due entirely to investor’s fear of risk due to an uncertain future..  This is true for every tax credit project in the country and has all of us struggling to make the pro formas work.”

Sigh. Politics.



7. The Times has the first render for Habitat for Humanity’s two-family townhouse project at 208/210 Third Street on the city’s Northside. It looks to be the same architect as the 4-unit project for 402 South Cayuga – I can’t seem to find the architect offhand as a few designers have donated time and energy, but local planner George Frantz shepherded the project through the approvals process. Each unit is about 1500 SF. The plan for the $305,000 project is to break ground in April and have the move-in ceremony in Spring 2018. As with all local Habitat projects, a portion of the construction will come from volunteer labor, including 500 hours of “sweat equity”, and homeownership classes that the two recipient lower-income families (making 60% AMI or less, $32,000/year) will need to complete as part of the deal.


8. Wrapping this up with the local agendas for next week – the town of Ithaca will be looking at a home B&B permit on Bostwick Road, a retaining wall for Ithaca College’s track, and finishes touches on the Maplewood approvals. The city’s project review meeting indicates the city plans to look at the subdivision at 109 Dearborn Place, Declaration of Lead Agency and Environmental Review for the 11-unit 107 South Albany Street plan,  and “Approval of Conditions” for City Centre, which is just making sure they’ve completed everything asked for in the final approval. In sum, nothing too exciting at the moment, but we’ll see if the city has any new projects coming up when the actual PB agenda comes out next week.

9. Quick note to wrap up – the woman behind the Rogues Harbor Inn in Lansing has purchased a prominent and historic building on Freeville’s main drag. Eileen Stout purchased 2 Main Street, a mixed-use building with restaurant space, a tile shop and three apartments, on Thursday for $132,000. The seller was Tompkins Trust and it’s well below assessment – doesn’t look like a foreclosure though. The bank bought the property for almost double the price in May 2016.

News Tidbits 1/28/17: Helping You Avoid Politics For Five Minutes

28 01 2017

1. Looking at sales, it looks like there were a couple of big ones this week in the Ithaca area. The first was on Friday the 20th, where 402-04 Eddy Street was sold for $913,000. The buyer was an LLC tied to Charles and Heather Tallman, who own several properties in Collegetown. The $913k price is above the 2015 assessment of $880k, but below the 2016 $1 million assessment. The Tallman historically have not been the kind to redevelop property, and the three-story mixed-use building is part of the East Hill Historic District, so don’t expect any big changes.

The next two were on Wednesday the 25th – Parkside Gardens on the Southside at 202 Fair Street, and Lakeside (Grandview Court) on South Hill, were sold for a whopping $10,450,000 from a Long Island landlord (Arbor Hill Homes) to an LLC based out of Delaware. Parkside has 51 units and was built in the 1950s, and is assessed at $2 million. It sold for $4.2 million, about double what the $2.145 million the owner paid in 2007. Lakeside has 58 units and was built in the 1970s. It is assessed at $2.8 million, the previous owner paid $2.58 million in 2007, and just sold it for $6.25 million.

Up until 2014, they accepted housing vouchers, but according to an email from the IURA’s Nels Bohn, The Learning Web handled the vouchers and the IURA has nothing about the complexes on file after 2014. It might be a case similar to Ithaca East, where the affordable housing lease period ran out and the owner converted to market rate. The Voice tried to do a story on it in Fall 2015, but it went nowhere, and then again in January 2016, and it went nowhere. I did research but Jeff and Mike were going to be the respective writers. Here are my notes from September 21, 2015:

The two complexes were recently offered for sale, but the listing was deactivated. According to 2011 IURA minutes, the owner is kind of a sleazeball, uses them as an investment property but doesn’t do maintenance. Another company (Rochester-based Pathstone, they’ve done work with INHS) considered buying Parkside in 2011/12, but backed out when problems arose.

One could argue that the two complexes had a shady owner who just cashed out big. The buyer can be traced through its unique name to a Baltimore company called Hopkins Holding, and a LinkedIn profile of a partner in the company saying their specialty is student housing. At the high price paid for Lakeside, I could easily see a redevelopment happening, though I’m not as certain about Parkside’s future.


2. There were also a couple of construction loans filed this week. Tompkins Trust lent Collegetown Crossing $500,000 according to a filing on the 23rd, but the type of work is unspecified in the county docs. Tompkins Trust also lent INHS $1,581,796 in a separate filing on the 23rd, to finance the seven for-sale townhouses underway at 202 Hancock Street in Northside, part of the 210 Hancock affordable housing project.

3. A few weeks ago, the pending sale of the former Phoenix Books barn at 1610 Dryden Road came up. Now we what the plans are. It appears a local businessman wants to renovate the barn and use it for automotive trailer sales. The plan requires a special use permit from the town because it’s a residential zone, and the project is seeking a landscaping outdoor area to showcase trailers for sale. It doesn’t read as if the barn itself will be greatly altered in appearance, although its structural stability is in question, so it will need its north wall shored up, and roof repaired so that rainwater stops pouring into the basement. The town will be going through the project over the next couple of months, but there don’t appear to be any big obstacles that will prevent a permit from being issued.


4. For the sake of acknowledgement, the ILPC approved of Jason Fane’s renovation plans for the Masonic Temple. There was a little back-and-forth about window replacements, and they made sure to note that the “for rent” signage was not grandfathered and would have to come down once the three commercial spaces are rented out, and the signage would not be allowed to go back up even if the spaces were vacated at a later date. The ILPC also seems inclined towards a historic district on the north edge of Collegetown along Oak Avenue and Cascadilla Place, but that still has yet to take form.

5. Out in the towns and villages, there isn’t anything too exciting on the agenda. Cayuga Heights had a one-lot subdivision for a new home site at 1010 Triphammer for their latest meeting. The town of Dryden had a 5-lot subdivision off of 1624 Ellis Hollow Road, and a 7-lot subdivision at the former Dryden Lake Golf Course.Dryden also received the sketch plan for the 12 Megawatt solar array planned by Distributed Solar at 2150 Dryden Road (12 MW is enough for ~2400 homes). Ulysses had to review a special permit for turning a nursery business into a bakery/residence, and a 2 Megawatt array at the rear of 1574 Trumansburg Road. The town of Lansing had a meeting scheduled, but nothing was ever put online, nor was there a cancellation notice.

6. The townhouses at 902 Dryden are starting to rise up. Visum Development’s facebook page notes that the foundations for all structures are complete, and framing is underway; you can see roof trusses on the right of the photo. Looks like a typical wood frame with Huber ZIP sheathing, which has become the popular (and arguably more effective) alternative to traditional plywood and housewrap. According to the hashtag overkill, the 8-unit, 26-bed housing plan is still on track for an August 2017 occupancy.


7. Quick wrap up, we now have addresses for the two-family homes going up on Old Elmira Road. They will be 125 Elmira Road and 129 Elmira Road. This means the end of the awkward Spencer Road/Old Elmira Road disclaimer in the next (and probably last) update in March, although for the sake of continuity the title of the post won’t change – continuity was the same reason 210 Hancock was co-tagged with neighborhood pride site for about a year. Just trying to make it easier to follow along.