RCG and Providence Housing Development complete third phase of Olean-Kennedy project

Olean Heights, the third phase of the Olean-Kennedy Revitalization, developed by Rochester's Cornerstone Group, Ltd. and Providence Housing Development Corp., is complete. Atlas Builders, the general contractor, built 24 single family homes and another four homes with eight units, on scattered sites in southwest Rochester and along Fulton Ave. in the northwest part of the city, providing 32 units of low-income housing. Designed by SWBR Architects, the project is managed by Providence Housing Development Corp., which manages the previously constructed units at Carlson Commons and Plymouth Manor, bring the total number of units to 176. Atlas Builders is to be commended for delivering the units on time and on budget, despite a challenging construction environment marked by rising fuel and material costs as well as some incidents of vandalism and theft. The project was financed by partners including NYS Division of Housing and Community Renewal Housing Trust Fund and LIHC (Federal low income housing tax credits), The Greater Rochester Housing Partnership (construction lender) and WNC and Associates, Inc. (private equity partner). A dedication ceremony, celebrating the completion of Olean Heights was held on April 30th at the Carlson Commons Community Center, 70 Coretta Scott Crossing. Deborah VanAmerongen, commissioner of the NYS Division of Housing and Community Renewal, spoke at the event.