construction

CREEKSIDE CLEARING
Creekside Clearing is located in Livonia. The development has 32 units of affordable rental housing, which was completed in 2006. Developer Housing Opportunities owns and manages this apartment complex. The apartments are a mix of 2 and 3 bedrooms and are built in clusters of 4 units. The Greater Rochester Housing Partnership provided an 18-month construction loan in the amount of $3,000,000. The Bank of Castile was a participating lender and has provided a letter of credit. The remaining financing was obtained from New York's Division of Housing and Community Renewal in the form of low income housing tax credits and a mortgage. Additional financing was also provided from the Federal Home Loan Bank of New York and by the developer.

CREEKSIDE