New affordable housing option for seniors opens in Albany
A unique Albany housing community for low income senior citizens officially opened on Monday. Albany Housing Authority Executive Director Dan McCarthy told the crowd at the ribbon cutting that Arcadia Courtside offers senior citizens a nurturing environment in which to spend their golden years. "We're ready to lease up and provide another quality place for affordable housing in Albany," said McCarthy. "We have 24 apartments, elderly, 65 years of age or older and they have to be very low income."
The project's 2.2 million dollar price tag was picked up by the U.S. Department of Housing and Urban Development as a loan to the city. "That loan is forgiven if we manage it as affordable housing for 40 years," added McCarthy.
Rent is 30% of the resident's adjusted income with each unit designed especially for seniors that may have mobility issues. "The electrical outlets are up higher than they would be in a normal apartment, the cable connections," said Joyce Barlow of Innovative Housing. "The bathrooms are situated for the handicapped and the elderly."
Mayor Willie Adams hopes the development will help revitalize Albany. "When you keep your senior citizens in the city, they're visited by their grandchildren, their children, and, of course, hopefully, some of those will move back in this area," said Adams.
All 24 units have already been reserved and there's also a lengthy waiting list. "They can communicate," said Barlow. "They know what's going on with the neighbor next door. They see them. They see the family members or friends coming and going."
"We all know that our elderly population continues to grow and this gives a safe place for folks to put their elderly parents or grandparents," added McCarthy.