Cicero, NY – June 21, 2018 – CDS Housing and NYS Homes and Community Renewal are excited to announce CDS Cicero Senior Living, a new $12.9 million project for affordable senior housing in Cicero to be located at 8700 Knowledge Lane. The newly constructed 50-unit development will offer quality homes and services for Cicero residents 55 and over, including 10 apartments with support services for individuals with intellectual and developmental disabilities.
Governor Andrew M. Cuomo’s commitment to strengthening communities and growing the Central New York economy is reflected in Central New York Rising, a $500 million state investment through the Upstate Revitalization Initiative that that builds on the more than $4.7 billion the State has injected in the region since 2012. The State’s investment in CDS Cicero Senior Living complements the Central New York Rising initiative by expanding housing options for seniors near retail, transportation, and other services.
RuthAnne Visnauskas, Commissioner of New York State Homes and Community Renewal said, “One of the most important steps we can take to improve quality of life in communities and remove barriers to independent living is to assure seniors have good quality homes with access to the services they need. CDS Cicero Senior Living’s 50 new homes are part of Governor Cuomo’s commitment to meet the demand for affordable senior housing and keep Central New York rising.”
“We are very excited to have the opportunity to offer more affordable housing throughout New York State,” CDS Life Transitions President/CEO Sankar Sewnauth said. “Our two affordable housing communities for seniors in Webster are currently at capacity with waitlists, and two other Webster communities and one community in Elmira are being built with daily inquiries regarding completion. There is clearly a large need for projects like this and we are happy to have the support of our state and local government to offer a solution to help people thrive in their communities.”
The Cicero Senior Living community received a $3.4 million award under the Low-Income Housing Trust Fund program from the state, as part of $200 Million being invested to build and preserve nearly 2,800 affordable apartments across New York. In addition, the NYS Office for People with Developmental Disabilities is providing more than $1.2 million in project financing, along with ongoing rental subsidies for the 10 designated units for individuals with intellectual and developmental disabilities. The CDS Wolf Foundation has also provided a $75,000 grant for this project.
Today's announcement complements "Central NY Rising," the region's comprehensive blueprint to generate robust economic growth and community development. The state has already invested more than $4.7 billion in the region since 2012 to lay the groundwork for the plan - capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in.
Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State's $500 million investment will incentivize private business to invest well over $2.5 billion - and the region's plan, as submitted, projects up to 5,900 new jobs.
About CDS Housing
Celebrating more than 40 years under its parent company, CDS Life Transitions, CDS Housing provides quality, integrated housing for people with intellectual and developmental disabilities, seniors and veterans. To learn more about CDS Housing please visit www.cdshousing.org.