Meadow Reserve at Irondequoit Provides 80 Homes for Seniors With Support Services in Town of Irondequoit
Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas today announced the grand opening of Meadow Reserve at Irondequoit, a $20.4 million affordable and supportive housing development for seniors in the Monroe County town of Irondequoit. All 80 of the complex’s units are reserved as affordable housing for adults aged 55 and older, with half of the apartments set aside for households in need of supportive services to help them live independently.
“We are thrilled to partner with Rochester Management, Inc., and Rochester Regional Health to fulfill Governor Hochul’s commitment to provide New York’s seniors with affordable housing and supportive services for those who may need them,” Commissioner Visnauskas said. “Meadow Reserve at Irondequoit will enable 80 households to age in place in a safe, energy-efficient complex with on-site health and social services, a fitness center, outdoor spaces, and easy access to nearby amenities and transit. The State’s investments in forward-thinking developments like this one will help seniors across New York live independently in the communities they call home and boost our housing supply for generations to come.”
Meadow Reserve at Irondequoit is part of Governor Hochul’s sweeping plans to make housing more affordable, equitable, and stable. The Governor is building on the success of the State’s first Housing Plan with a new $25 billion, five-year initiative that will create and preserve an additional 100,000 affordable homes in urban and rural areas across New York including 10,000 with support services.
Developed by Rochester Management, Inc., Meadow Reserve is located on a previously undeveloped parcel located at 2590 Culver Road in the East Irondequoit neighborhood. The complex is accessible by public transportation and conveniently located near grocery stores, restaurants, retail needs, and health care facilities.
The three-story development offers 77 one-bedroom and three two-bedroom apartments for seniors aged 55 and older, with amenities including laundry facilities on each floor, a lounge, fitness center, landscaped gardens, a rooftop deck and other outdoor gathering spaces.
Forty households will receive supportive services and rental subsidies through the Empire State Supportive Housing Initiative administered by the New York State Department of Health.
Through a special partnership with Rochester Regional Health, residents will also have access to on-site evaluation of their medical needs, as well as a service coordinator who will link residents to their necessary providers.
All apartments are affordable to households earning at or below 50 percent of the Area Median Income. In addition, the Rochester Housing Authority will provide eight Project-Based Section 8 Housing Choice Vouchers.
The building meets federal ENERGY STAR Program standards and utilizes energy efficient appliances, low wattage lights, low flow water faucets and high efficiency heating systems.
State financing for Meadow Reserve at Irondequoit includes $4.5 million in permanent tax-exempt bonds, Federal Low-Income Housing Tax Credits that generated more than $5 million in equity, and $9.2 million in subsidy from HCR. Additional financing includes a deferred developer fee and sponsor note.
Senator Samra Brouk said, “I am excited to learn that Meadow Reserve is now open and available to provide supportive housing services for seniors in our community. Supportive housing programs and the onsite services they provide allow seniors and those with disabilities to age in place and live with fewer compromises. I look forward to Meadow Reserve providing quality services to generations of Irondequoit families.”
Assembly Member Sarah Clark said, “Today is an exciting day for the town as we welcome new senior living options here at Meadow Reserve at Irondequoit. Seniors in the greater Rochester community have an ongoing need for access to quality, affordable senior housing. And with excellent amenities and supportive services offered here, people will have the option to age in place, positively impacting their quality of life and overall well-being. I am grateful to the town along with all of the statewide and local agencies who have joined together to help meet the needs of our growing senior population here in Irondequoit.”
County Executive Adam Bello said, “Affordable, quality housing is key to ensuring our older residents are able to live their lives to the fullest here in Monroe County — and it’s our duty to ensure our seniors receive the care and support they deserve. Thank you to Governor Kathy Hochul and Homes and Community Renewal for your commitment and support for our aging residents.”
Peggy Hill, President and CEO of Rochester Management, Inc. said, “We are so grateful to New York State and all our diligent partners who worked throughout the pandemic to create this beautiful and affordable community for seniors. We are very fortunate to have Rochester Regional Health partnering with us and coordinating critical services for our residents. Having these services will enable seniors to live independently longer with dignity and with the support they need.”
Alise Gintner, Vice President of Social Work and Care Management for Rochester Regional Health, “Our team at Rochester Regional Health is proud to help the residents of Meadow Reserve access and coordinate the care and services they need. The Meadow Reserve addresses some of the most significant social determinants of health, including helping people maintain stable housing and integrate essential services into their lives. It’s a privilege to be a partner on this project and help our neighbors improve their quality of life.”
Accelerating Finger Lakes Forward
Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The regionally designed plan focuses on investing in key industries including photonics, agriculture and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative. 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 8,200 new jobs. More information is available here.