Monday, November 20, 2000
The last apartments at the former Dudley Park housing complex in the city of Albany are finished, completing a two-year transformation of the property.
The rebuilt apartment complex has been renamed Capital Woods.
Capital Woods, located on Lark Drive, was a deteriorating 263-unit apartment complex three years ago. At the time, it faced foreclosure by the U.S. Department of Housing and Urban Development, tenant evictions and possible demolition.
A private venture of the Albany Housing Authority and the Urban League of Northeastern New York Inc. was formed to rescue the apartments. The group took over the property for $1 and received a $4.9 million grant to rehabilitate it. The number of apartments was cut to 145.
The Urban League is no longer involved in the project, having run into severe financial difficulties itself earlier this year. The last apartments at the former Dudley Park housing complex in the city of Albany are finished, completing a two-year transformation of the property.
The rebuilt apartment complex has been renamed Capital Woods.
Capital Woods, located on Lark Drive, was a deteriorating 263-unit apartment complex three years ago. At the time, it faced foreclosure by the U.S. Department of Housing and Urban Development, tenant evictions and possible demolition.
A private venture of the Albany Housing Authority and the Urban League of Northeastern New York Inc. was formed to rescue the apartments. The group took over the property for $1 and received a $4.9 million grant to rehabilitate it. The number of apartments was cut to 145.
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