Governor Hochul Announces Completion of Artspace Utica Lofts, a 43-Unit Affordable Housing Development in Downtown Utica

Strategic Insights -

Governor Kathy Hochul has announced the completion of Artspace Utica Lofts, a 43-unit affordable housing development in downtown Utica that supports the city's creative economy and fosters inclusivity. This development is part of the Governor's $25 billion comprehensive Housing Plan to create or preserve 100,000 affordable homes across New York State. Artspace Utica Lofts will provide affordable housing for households earning up to 80 percent of the Area Median Income, with 32 units reserved for local artists.

Key Takeaways:

  • Artspace Utica Lofts is a 43-unit affordable housing development in downtown Utica, constructed at a cost of $18.6 million.
  • The development is part of Governor Hochul's $25 billion comprehensive Housing Plan to create or preserve 100,000 affordable homes across New York State.
  • The project includes 32 units reserved for local artists and over 800 square feet of gallery space, supporting downtown Utica's creative economy.
  • The building features highly energy-efficient heating, air conditioning, and ventilation systems, and includes electric vehicle charging.
  • The development is supported by various funding partners, including HCR's Federal Low Income Housing Tax Credit Program, the State Low Income Housing Tax Credit Program, and the New York State Department of State's Downtown Revitalization Initiative.
  • New York State has created or preserved over 1,800 affordable homes in the Mohawk Valley under Governor Hochul's leadership.
  • The City of Utica awarded the project $700,000 in American Rescue Plan Act funds.

Statistics:

  • 43 units of affordable housing in downtown Utica.
  • 32 units reserved for local artists.
  • Over 800 square feet of gallery space.
  • $18.6 million in construction costs.
  • $850,000 in total funding from the New York State Department of State's Downtown Revitalization Initiative and the Community Foundation of Herkimer & Oneida Counties.
  • $1.3 million in funding from the New York State Council of Arts.

Sources:

  • "Governor Hochul Announces Completion of Artspace Utica Lofts, a 43-Unit Affordable Housing Development in Downtown Utica." Office of the Governor of New York, [Date omitted].
  • New York State Homes and Community Renewal, [Source omitted].
  • Community Foundation of Herkimer and Oneida Counties, [Source omitted].
  • Oneida County Executive Anthony J. Picente Jr., [Source omitted].
  • Utica Mayor Michael P. Galime, [Source omitted].
  • Artspace Projects, Inc., [Source omitted].
  • Community Foundation of Herkimer and Oneida Counties, [Source omitted].
  • The Center, [Source omitted].
  • New York State Energy Research and Development Authority (NYSERDA), [Source omitted].
  • New York State Council on the Arts, [Source omitted].
  • New York State Department of State, [Source omitted].
  • Assemblymember Marianne Buttenschon, [Source omitted].