News: Brokerage

Cornerstone, CPC, and PathStone celebrate 120-unit senior complex in Greece: Long Pond Senior Housing

Opening of Long Pond Senior Housing - Greece, NY Opening of Long Pond Senior Housing - Greece, NY

Greece, NY Rochester’s Cornerstone Group, Ltd., New York State Homes and Community Renewal, PathStone Corp., Community Preservation Corp. (CPC), and partners recently celebrated the opening of Long Pond Senior Housing. The first phase of the 120-unit housing development provides 54 one- and two-bedroom apartments with support services to help income-eligible and frail seniors remain independent.

Long Pond Senior Housing Aerial, Long Pond Senior Housing - Greece, NY

Long Pond Senior Housing has achieved the LEED for Homes Gold designation which recognizes the outstanding efficiency and sustainability of our building. Residents will benefit from the quality design and constructions, as well as Energy Star appliances and green features, such as low flow fixtures, to enhance the overall quality of living at Long Pond Senior Housing.

Funding was made possible by NYS Homes and Community Renewal’s Housing Trust Fund and Low Income Housing Tax Credit programs, Monroe County, the town, CPC, RedStone Equity Partners, private equity and NYSERDA. The Rochester Housing Authority is providing 45 Section 8 vouchers to support the incomes of many of the senior residents.

Family Service Communities provides services such as case management, meals, housekeeping, and laundry service to residents.

James Rubin, commissioner of New York State Homes and Community Renewal said, “Governor Andrew Cuomo is committed to investing in supportive housing like Long Pond so that people can live independently in their own homes. Long Pond Senior Housing offers seniors the opportunity to live comfortably in high quality energy-efficient apartments they can afford.”

Long Pond Senior Housing Developer Roger Brandt said, “We are pleased to have worked with PathStone Development Corp. and Family Service Communities. This rental community for our seniors is having a positive impact on the lives of many families in the Town of Greece.”

Stuart Mitchell, president/CEO at PathStone Development Corp., said, “PathStone Corp. is delighted to have partnered with Rochester’s Cornerstone Group, Ltd. and Family Service Communities, a licensed enriched housing provider, to develop the Long Pond Senior Housing. This project provides a safe and affordable home for 54 senior citizens. Through our pioneering partnership with Family Service Communities, 30 senior citizens receive special direct personal care and case management services that will allow frail elderly to remain in their home.”

Matthew Albright, CEO of Family Service Communities, said “Family Service Communities is excited to offer low income enriched housing in Greece, New York. This service will improve the quality of living for seniors in the community keeping them independent and healthy. We could not offer this crucial service without the support of our partners, Cornerstone and Pathstone. We look forward to offering additional services and supports in the future.”

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