Housing Project

Continued From Page 1 ment to expanding the supply of safe, secure, and healthy housing opportunities for individuals and families across the state.

Among the awards was $61.6 million for Tait Lane Reserve. State officials said the project is a combination of townhome and three-story walkup buildings. There will be 10 apartments reserved for individuals experiencing homelessness funded through an Empire State Supportive Housing Initiative award administered by the state Office of Temporary and Disability Assistance. The development is the result of a rezoning to allow for more residential buildings in this high-opportunity area.

It took NRP Group six years to secure the financing and approvals needed for work on Tait Lane Reserve to begin. Gertman said final approvals were expected at a town Planning Board meeting on February 7. This complex will have 72 units in nine two-story buildings. A dozen units will be reserved for homeless or disabled veterans.

The nearly 14-acre parcel is on the south side of Route 9N, between Tait Lane and Allen Drive, just past the railroad overpass when heading west out of Saratoga Springs. The site is directly across Route 9N from Sunnyside Gardens nursery center.

“We’re almost 20 percent complete,” Gertman said. “Two buildings are already framed up. It’s really moving along nicely, we’re really pleased. We hope to open the first building in December” of 2023, with people moving in around Jan. 1, 2024.

The completed project will have 12 three-story buildings. Plans call for 78 one-bedroom, 78 two- bedroom and 46 three-bedroom apartments in addition to amenities such as a fitness center, clubhouse, community room, garden, playground and on-site laundry.

Gertman said NRP Group will start marketing the facility this summer.

“We want to make sure local residents know how to apply and what the process is, all the steps needed to live there,” he said.

Interested parties can obtain more information at the state Homes and Community Renewal website at hcr.ny.gov/find-affordable-housing.

The webpage allows viewers to hone in a local community, with a list of all homes with open applications that are available, not just NRP Group’s.

NRP Group, which builds affordable housing across the U.S., obtained a $54.6 million loan from the state Housing Finance Agency for the project. HFA is a public benefit corporation that finances low- and moderate-income rental housing.

Rental fees, ranging from about $900 to $1,500 per month, will vary depending on the renter’s income, size of household and unit size.

In 2022, the Capital Region’s median income for a family of four was $106,000. As an affordable housing development, apartments at Tait Lane Reserve will be for parties that make between 30 percent and 60 percent of the median income.

In addition to providing much needed workforce housing, NRP Group’s project is boosting the local economy with roughly 140 workers on site during the peak construction period.

“We’re a national construction management company, but subcontract all the work on a competitive basis, so many existing local companies will be involved,” Gertman said.

NRP Group has been active in New York state for about a dozen years.

Thomas R. Trevett • Real Estate Broker/ Owner • 16 Greybirch Trail, Ballston Spa, NY Office: 518-885-3941 • trevettgroup@aol.com

Springs/Ballston Spa includes Parcel #190.

Large Road Frontage, high volume traffic with proximity to several businesses. Property is 1.80

Adirondack Trust Bank and kitty corner from Stewat’s convenient store located on intersection of Route 50 & Northline Rd, only 5 Min to I87, lots of traffic at this intersection Scotia, and Schenectady, etc. Make your DREAM BUSINESS! Amenities; Minutes to SPAC, State Park, Race Track, Casino, Broadway, and Restaurants.

Abeels Restaurant

Turn-Key Saratoga County Bar and Restaurant Business

910 Rock City Rd, Milton 699,900

Turn-Key Saratoga County Bar and Restaurant Business 910 Rock City Rd, Milton - $699,900

Move right into this beautiful 3 bedroom, 2.5 bath modern colonial on a 1.12 acre lot. Features include an open floor plan, first floor primary suite, crisp white kitchen with granite countertops, stainless steel appliances, espresso color hardwood floors, first floor laundry room, office, high ceilings and a TREX front porch. Two more bedrooms, loft area and full bathroom upstairs. Corner 1.12 acre level lot with fully fenced rear yard.

Located close to Saratoga County Airport, 5 miles to SPAC, 10 -15 minutes to downtown Saratoga and 40 minutes to Albany International. Property is 3.83 acres and is zoned R02 Rural zone. Rear yard has an irrigation system, pond, garden, and patio. Plenty of growth opportunity for the right vision!

Located close to Saratoga County Airport, 5 miles to SPAC, 10-15 minutes to downtown Saratoga and 40 minutes to Albany International. Property is 3.83 acres and is zoned R02 Rural zone. Rear yard has an irrigation system, pond, garden, and patio. Plenty of growth opportunity for the right vision!

Thomas R. Trevett Real 16 Greybirch Trail Ballston Spa, NY

Office: 518 trevettgroup@aol.com

2205 Doubleday Avenue Milton - $1,200,000

Located in City of Saratoga Springs/Ballston Spa includes Parcel #190.-2-262.2 Large Road Frontage, high volume traffic with proximity to several businesses. Property is 1.80 acres and has 2 cutoffs from Route 50. Right across from Hoffman Car Wash, and Adirondack Trust Bank and kitty corner from Stewat’s convenient store located on intersection of Route 50 & Northline Rd, only 5 Min to I87, lots of traffic at this intersection to Downtown Saratoga Springs, Ballston Spa, Burnt Hills, Ballston Lake, Scotia, and Schenectady, etc. Make your DREAM BUSINESS! Amenities; Minutes to SPAC, State Park, Race Track, Casino, Broadway, and Restaurants.