{"id":48015,"date":"2023-10-27T12:38:08","date_gmt":"2023-10-27T16:38:08","guid":{"rendered":"https:\/\/videonewsservice.net\/?p=48015"},"modified":"2023-10-27T12:38:08","modified_gmt":"2023-10-27T16:38:08","slug":"genesee-county-gcedc-board-of-directors-approve-countryside-apartments-market-rate-housing-development","status":"publish","type":"post","link":"https:\/\/videonewsservice.net\/index.php\/2023\/10\/27\/genesee-county-gcedc-board-of-directors-approve-countryside-apartments-market-rate-housing-development\/","title":{"rendered":"GENESEE COUNTY\/GCEDC Board of Directors approve Countryside Apartments market rate housing development"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Four 24-unit market-rate apartment buildings proposed in Pembroke<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Press release<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) Board of Directors approved a final resolution for Countryside Apartments, LLC\u2019s proposed $15 million development of four 24-unit market-rate apartment buildings at its board meeting on Thursday, October 26<sup>th<\/sup>, 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Countryside Apartments, LLC will build the project in phases at 8900 Alleghany Road in Pembroke. Each phase consists of a building with eight 1-bedroom and 16 2-bedroom units, totaling 96 market-rate units.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project aligns with the demand for housing in Genesee County which in part has been spurred by $1 billion of investment and over 600 careers announced by projects at the Western New York Science &amp; Technology Advanced Manufacturing Park (STAMP). Genesee County\u2019s Housing Needs Assessment estimated in 2018 that the addition of 4,800 housing units will be needed over the next 20 years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWith 20 years of growth across Genesee County, increasing our stock of quality housing will enable more of our manufacturing workforce to live locally, spend locally, and participate locally,\u201d said Steve Hyde, President and CEO of the GCEDC.&nbsp; \u201cWe believe that Countryside Apartments, LLC\u2019s investment and other market-rate projects can address the demand and positive outcomes recognized in Genesee County\u2019s Housing Needs Analysis.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Countryside Apartments, LLC requested a sales tax exemption estimated at $739,200, a property tax abatement estimated at $2,020,688, and a mortgage tax exemption estimated at $130,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fiscal impacts on local benefits are estimated at over $10 million. For every $1 of public benefit, the company is investing $5 into the local economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Four 24-unit market-rate apartment buildings proposed in Pembroke Press release BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) Board of Directors approved a final resolution for Countryside Apartments, LLC\u2019s proposed $15 million development of four 24-unit market-rate apartment buildings at its board meeting on Thursday, October 26th, 2023. \u2026<\/p>\n<p class=\"continue-reading-button\"> <a class=\"continue-reading-link\" href=\"https:\/\/videonewsservice.net\/index.php\/2023\/10\/27\/genesee-county-gcedc-board-of-directors-approve-countryside-apartments-market-rate-housing-development\/\">Continue reading<i class=\"crycon-right-dir\"><\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[23,108],"tags":[3978],"class_list":["post-48015","post","type-post","status-publish","format-standard","hentry","category-genesee-county","category-pembroke","tag-countryside-apartments-llc"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8eTP4-cur","jetpack-related-posts":[{"id":47956,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/10\/24\/genesee-county-pembroke-countryside-apartments-a-market-rate-housing-development-to-be-considered-at-gcedc-board-meeting-october-26th\/","url_meta":{"origin":48015,"position":0},"title":"GENESEE COUNTY\/Pembroke\/Countryside Apartments, a market rate housing development, to be considered at GCEDC Board Meeting October 26th","author":"aka","date":"October 24, 2023","format":false,"excerpt":"Four 24-unit market rate apartment buildings to be built in four phases Press release BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) board of directors will consider a final resolution for Countryside Apartments LLC\u2019s proposed $15 million development of four 24-unit market-rate apartment buildings at its board meeting\u2026","rel":"","context":"In &quot;Genesee County&quot;","block_context":{"text":"Genesee 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County&quot;","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47422,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/10\/03\/genesee-county-15-million-apartment-complex-to-be-considered-at-gcedc-board-meeting\/","url_meta":{"origin":48015,"position":2},"title":"GENESEE COUNTY\/$15 million apartment complex to be considered at GCEDC Board meeting","author":"aka","date":"October 3, 2023","format":false,"excerpt":"Country Side Apartments LLC proposes to develop four 24-unit market rate apartment buildings Press release BATAVIA, NY \u2013 The Genesee County Economic Development Center (GCEDC) board of directorswill consider an initial resolution for Country Side Apartments LLC\u2019s proposed four 24-unitmarket rate apartment buildings at its board meeting on Thursday, October\u2026","rel":"","context":"In 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