People Inc. is now accepting applications for its newest low-income apartment project, the Grant Street Apartments in North Tonawanda.
The nonprofit social services agency is converting the former 40,263-square-foot Grant Elementary School – which it acquired in 2008 from the North Tonawanda City School District – into an affordable housing project, including a component for disabled individuals with traumatic brain injuries.
Located at 25 Grant St., near the corner of Christiana and Vandervoort streets, the brick building was constructed in 1953 and sits on four acres of land, with parking. It had been closed for more than four years when People Inc. bought it, although it had been leased out for office space, with as many as six tenants occupying it, including a preschool, an office for the district teachers union, and BOCES.
People Inc. is renovating the building into 52 apartments for low-income adults, including 12 for disabled people with mobility, vision or hearing impairments. Under the design by Long Associates, the new Grant Street School Apartments will include 44 one-bedroom and eight two-bedroom apartments.
Financing for the $16.6 million project includes $4.29 million in initial low-income housing tax credits from the state Division of Housing and Community Renewal, plus a property tax break and a $10.35 million construction loan from Evans Bank.
The agency is now taking applications for spring move-in, and will hold an Application Day on Feb. 22, from 10 a.m. to 1 p.m., at another of its nearby affordable housing projects, the Highland School Apartments, at 105 Highland Ave. in Tonawanda. Applicants must meet federally mandated income guidelines. For information, email email@example.com or call 716-880-3890.