![]() But at this time, there are no clear indications as to the future of the property. If the agency is willing to make some concessions, INHS has expressed interest in reviving their project, if not as affordable for-sale housing, then as affordable rental housing. The IURA, however, has made a concerted effort to sell the site for use as affordable owner-occupied housing. ![]() There have been at least two prior proposals for market-rate housing on the site. MacCarrick also noted that TCHFH is eying another parcel in the city for their next urban build.Īlthough TCHFH’s plans may have fallen through, there has been significant interest in the parcel at 402 South Cayuga Street, which has been vacant since a fire-damaged apartment building was torn down in the early 2000s. It was one of the board’s longer meetings last week as they hashed out three and a half hours of site plans, zoning appeals and other business. The cancellation does not affect Habitat’s pair of townhomes currently underway on Third Street in the city’s Northside neighborhood. The homes would have built with a combination of professional contractors and volunteer labor, including 350+ hours of “sweat equity”, where the future homeowners actively work as members of the construction crew. The four units TCHFH first proposed in 2016 would have been sold to families making under 60% of Area Median Income (AMI), or about $32,000/year. The proposals are the work of prolific Ithaca-based developer Visum Development Group, led by. ![]() Ithaca Neighborhood Housing Services (INHS) had previously proposed to build four affordable for-sale townhouses on the property, but pulled its plans after determining that the project costs made the plan infeasible. At its Planning and Development Board meeting Tuesday, the City of Ithaca will be getting its first formal look at a pair of proposals that would bring approximately 200 affordable housing units to Ithaca’s State Street Corridor. For the city of Ithaca, it’s the second defeat in their attempts to have affordable housing built on the vacant parcel just south of Downtown.
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