INHS purchased the 320 Buffalo property, which was formerly the site of Immaculate Conception School, in January 2018 from the Roman Catholic Diocese of Rochester. The long-running school was closed at the end of the 2016-17 school year due to decreasing enrollment and increasing operating costs.
The intention of the project is to redevelop the property into a vibrant mixed-use community, designed to address high-priority community needs. Plans include affordable rental housing serving a range of household sizes and income levels, restoration of the Convent building for Catholic Charities’ continued use, and space for nonprofit and community-based organizations that serve children and families. The project budget is $27,700,000.
Funding sources as of Feb 2020:
- Office for People with Developmental Disabilities (awarded to Racker for nine units set aside for those with disabilities): $1,543,323
Tompkins County Housing Development Fund: $300,000
City of Ithaca HOME: $200,000
NYS Empire State Supportive Housing Initiative (awarded to the Salvation Army): supporting the funding of 13 units
- All funding secured – 8/2020
Construction start – 11/2020
Construction complete – 3/2022
Full occupancy – 7/2022