Construction to start on Urban League Compex

The Urban League of Northeastern New York Inc. has broken ground on a 60-unit housing complex in the Arbor Hill section of the city of Albany. The homes will start out as rental housing, but the Urban League plans to sell the houses to tenants beginning in the next five years. The $6.5 million project, called Partnership Homes, is being financed by a $110,000 grant from the city and a $6.4 million tax-exempt bond issued by the Albany Housing Authority. It is part of a larger $38 million revitalization plan that includes building a 14-store, 100,000-square-foot neighborhood shopping center called Gateway Commons, as well as rehabilitating 200 units of existing housing and purchasing and redeveloping Dudley Park, a deteriorating 263-unit apartment complex on Lark Drive. The Urban League plans an August ground breaking for Gateway Commons.

From the Albany Business Review