$14.3 million development for seniors opens in Greece

Cornerstone Pointe Apartments is located on the east side of Long Pond Road. (Photo provided by New York State Homes and Community Renewal)

A $14.3 million development for seniors opened in the Town of Greece Tuesday.

New York State Homes and Community Renewal announced the opening of Cornerstone Pointe Apartments on the east side of Long Pond Road. The affordable and supportive developments will be for persons 62-years-old and older in Greece.

It was developed by Rochester's Cornerstone Group and includes 66 supportive homes with 33 units set aside for frail seniors enrolled in Medicaid.

“Residents of Cornerstone Pointe Apartments will be able to live independently with easy access to transit, healthcare and community services," said Homes and Community Renewal Commissioner RuthAnne Visnauskas.

This investment is part of "Finger Lakes Forward," a $500 million state investment through the Upstate Revitalization Initiative.

Cornerstone Pointe Apartments is composed of 66 one-and-two bedroom apartments designed for seniors. 33 apartments will accommodate frail elderly households as an alternative to high cost Medicaid nursing homes or emergency room care.

Rochester Regional Health and its affiliates will provide supportive services, including ElderONE, a Program of All-Inclusive Care for the Elderly (PACE). ElderONE provides frail elderly an alternative to nursing home placement with in home care.

The nearly 70,000 square-foot complex is located on a 4.4 acre site on Long Pond Road. The first floor features a manager's office, supportive services office, sitting room, computer work stations, community room and patio.

Seven units are fully accessible and move-in ready for persons with mobility impairments and feature lowered counter tops and cabinets in kitchens and bathrooms, and roll in showers. Three units are built to accommodate persons with vision or hearing impairments, featuring horn/strobe light units, doorbells tied to chimes/lights and visually distinct electrical outlets and switches.

The development is adjacent to Long Pond Senior Housing, a 54-unit senior housing complex also developed by Rochester’s Cornerstone Group.

New York State Homes and Community Renewal has provided $7.3 million in financing for the project in the form of tax exempt bonds, and $6.5 million through the Supportive Housing Opportunity Program. HCR’s Federal Low-Income Tax credit allocation will generate $4.3 million for the development. The City of Rochester’s Housing Authority will provide project-based rental assistance.

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