December 2015—Bank of America has donated $850,000 to Greater Rochester Housing Partnership to build affordable housing in Rochester and the region. The dollars have been put to work as construction financing for new single family homes in City neighborhoods. The new homes will be sold to first time buyers ready to invest in homeownership and their neighborhoods. See the full press release here.
September 8, 2015—Senator Charles Schumer visited Rochester to highlight the HOME Rochester program and fight federal cuts to community development programs. Click here to read the Democrat and Chronicle article discussing the significance of the HOME programs.
May 2015—GRHP and Chase announce the closing of a $15,000,000 construction loan for HOME Rochester. The construction loan will be used to finance the purchase and renovation of 70 vacant and distressed properties. Participating lenders include: M&T Bank, First Niagara Bank, Bank of Castile, Greater Rochester Housing Partnership, Partners for the Common Good, Low Income Investment Fund, City of Rochester and Enterprise Community Partners. Additional financing is provided by the Martin Luther King Jr. Housing Fund. Click here to read the full press release.
August 6, 2014—The Greater Rochester Housing Partnership held a ground-breaking ceremony for the first of four Nieghtborhood Builders homes. Neighborhood Builders builds new houses on vacant lots in the City of Rochester. The first four houses will be at 2 and 6 Straub Street and 29 and 33 Pierpont Street. New York State Assembly Majority Leader Joseph Morelle and City of Rochester Neighborhood and Development Commissioner Del Smith were among the attendees. The first four homes will be ready for purchase in December 2014. Click here to read the full press release.
June 2014—The New York State Affordable Housing Corporation announced two funding awards for the Greater Rochester Housing Partnership: $315,000 for the new Neighborhood Builders program; and $625,000 for HOME Rochester. The HOME Rochester program rehabilitates vacant single-family homes and sells them to first-time low- and moderate-income buyers across Rochester. Neighborhood Builders will build affordable new houses in select neighborhoods.
May 2014—The sixth and final home built through the Sustainable Neighborhoods Demonstration Program in Marketview Heights has been sold to a first-time homebuyer. All six houses were clustered on Weld and Woodward streets in the heart of the city's Focused Investment Strategy area within blocks of the Rochester Public Market. Subsidy funding for this program was provided by New York State and the City of Rochester, with construction financing provided by GRHP. Mortgages were acquired through Citizens Bank and M&T Bank.
February 2014—A new house in the Marketview Heights neighborhood is currently under construction. The house, located at 97 Woodward Street, is slated for completion in March.
November 2013—The Martin Luther King Jr. Housing Fund has provided its first predevelopment loan to the PathStone Corporation to support its early work on the WedgePoint housing development. To be located on South Avenue, the proposed development will build 63 apartments and first-floor commercial space in one of Rochester's up-and-coming neighborhoods. The Martin Luther King Jr. Housing Fund is available for predevelopment and bridge financing as well as other difficult-to-obtain financing necessary to create affordable housing.
August 16, 2013—GRHP is ready to review construction loan applications for projects that will be submitted to Housing and Community Renewal on December 5, 2013. If you would like us to consider an application, please submit the project budgets and narrative by October 21, 2013 to Jean Lowe. For more information or to discuss a project, call 585-423-6321.
April 26, 2013—HOME Rochester celebrates 617 homes renovated and sold to first-time homebuyers! 275 Melville Street was the site of a lunch thanking all of the partners that make HOME Rochester a success. Sponsored by local law firm Bond, Schoeneck & King, the event featured a feast catered by Swan Market.
December 2012—Construction will begin this month on two new houses in the Marketview Heights neighborhood: 115 Weld Street and 179 N. Union. Interested buyers should contact Octavio Garcia at 755-5598. Some income restrictions apply. Update (August 2013): SOLD!
August 1, 2012—GRHP has set up two cycles for construction loan commitments that coordinate with the October and November HCR application dates. We would be delighted to review any development project you would like GRHP to consider for a construction loan.
Early Round cycle (applications due to HCR on Oct 25): Construction loan requests to GRHP by September 14th GRHP commitments on October 3rd
Unified Funding Cycle (applications due to HCR on Nov 29): Construction loan requests to GRHP by October 19th GRHP commitments on Nov 7th
July 24, 2012—The Greater Rochester Housing Partnership (The Partnership) today announced that the Martin Luther King, Jr. Housing Fund (MLK Housing Fund) has been transferred to it from United Way of Greater Rochester effective immediately. The more than $2.5 million in the MLK Housing Fund will be available for the creation of affordable housing in the region through flexible low-cost loans.Click here for more details.
January 2012—Evaluating HOME Rochester. Since 2002, HOME Rochester has sold over 575 homes and completed the rehabilitation of at least a dozen more homes. Two new reports measure the impact of HOME Rochester on neighborhoods and on the City of Rochester.Click here for a summary and go to Housing Programs for the full report.