Ribbon cut on new affordable housing project in Albany

The city of Albany now has 210 new units of affordable housing.

A ribbon cutting ceremony was held Thursday at the Clinton Avenue Historic Apartments.

Seventy row houses along Clinton Avenue and Ten Broeck Street were rehabilitated at a cost of $56 million.

Forty of the apartments are set aside for people who are homeless or at risk of becoming homeless. Also, people with mental illness.

The project was paid for through $3.5 million in tax-exempt bonds, $20 million in state and federal tax credits and $19 million from New York State Homes and Community Renewal.