210 Hancock

210 Hancock is an anchor in-fill construction project that transformed an entire city block from two vacant buildings surrounded by a surface parking lot into a vibrant mixed-use community that includes mixed-income rental housing, moderate income for-purchase housing, an Early Head Start childcare facility, and not-for-profit commercial space.

Project details

The project involved the demolition of the existing buildings and parking lot; construction of a 65,000 sq. ft. mixed use building and twelve townhouses; and the reconstruction of two city streets to eliminate automobile traffic and create a landscaped pedestrian/bicycle path and playground, connecting the site to the larger pedestrian/bicycle network throughout the City. Solar photovoltaics that off-set common space electrical usage, an Electric Vehicle Charging Station that is open to the public, and a CarShare vehicle location are included in the project as well.

210 Hancock St

The rental housing at 210 Hancock ranges from apartments that are affordable to households earning 30% of the Area Median Income ($24,600 for a family of four), up to 100% of AMI ($75,600 for a family of four). The seven for-sale town homes are restricted for purchase by moderate-income households earning no more than 80% of AMI, or $60,500 for a family of four. The rental housing was developed using the federal and state Low Income Housing Tax Credit programs, leveraging private investment in the project at a rate of six dollars for every dollar of public subsidy.

Project stats

Address

210 Hancock, Ithaca, NY 14850

Completion Date

2017

Budget

$25,000,000

See Also

Available Units

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