An East Side pastor is spearheading plans to build an apartment building with as many as 65 apartments billed as “affordable units.”
The $12.5 million project would be at Genesee and Grey streets, and would be built largely with city and state financing.
The building would include one-, two-, and three-bedroom apartments, with one-bedroom units renting for about $525 a month plus utilities.
The project is in its early stages, and still needs various city approvals as well as funding commitments.
But if that all comes together, the project would be the second housing development by the Rev. Dwayne Jones of Mount Aaron Missionary Baptist Church, 540 Genesee St., who recently opened a 10-unit senior citizen apartment building at 528 Genesee St.
Those 10 one-bedroom units, renting for $450 a month plus utilities, quickly filled up, according to Jones.
He said that building for senior citizens now has a waiting list of 100 potential tenants.
The $1.5 million senior building was financed through the Buffalo Urban Renewal Agency.
There’s a substantial need, Jones said, for more such affordable housing in Buffalo.
Because of that, Jones began working on the 60- to 65-unit plan.
He is expected to be granted designated-developer status for the project when the Common Council meets next week.
That status would give Jones and his development team control of the city-owned properties needed for the project.
Project architects joining Jones at a Council committee session Tuesday said they hoped construction could start in the spring or summer of 2017, and be completed within a year.