National Equity Fund, Inc. National Equity Fund, Inc.

Extraordinary things happen when you have great partners
Since 1987, National Equity Fund® has invested more than $13 billion revitalizing neighborhoods,
fostering economic growth and creating affordable sustainable housing.

True Bethel Townhomes

True Bethel Townhomes

Supportive Housing

Built on a former Brownfield site, True Bethel Townhomes is located in the Delavan-Grider neighborhood of Buffalo, New York. The four newly constructed multi-family buildings offer 10 two-, 14 three- and six four-bedroom apartments affordable to families earning at or below 60 percent of Area Median Income.

Six of the 30 apartments are handicap-accessible and target persons who have a physical disability/traumatic brain injury. Design features include roll-in showers, lowered countertops, lever-type faucets and door handles, tilt mirrors and visual door bells and fire alarms. The remaining 25 units are handicap-adaptable.

True Bethel offers ample green space and energy-saving design features to help reduce environmental impact and provide long-term cost savings. The community center features a management office, community room with full kitchen, laundry facilities, computer room with internet access and activity room. A coordinator provides tenants with assistance in locating services from other agencies and offers life-skills workshops such as financial fitness, budgeting and how to establish and properly use credit to promote their economic and physical well-being.

Belmont Housing Resources, a highly-respected non-profit with considerable affordable housing success in Western New York, partnered with True Bethel Baptist Church on the development and National Equity Fund® invested $5.6 million in LIHTC equity.


Project Details

Completed
2013
Location
858 East Ferry
Buffalo, NY
Project Type
Family Supportive Housing
Total Units
30
Mix of Residences
10-2 br, 14-3 br, 6-4 br
Limited Partnership
True Bethel Townhomes, LLC
Tax Credit Equity
$5.6 million
Total Project Costs
$7.4 million
Sponsor
Belmont Housing Resources for WNY, Inc.
True Bethel Baptist Church
Permanent Lenders
New York State DHCR
Belmont Housing Resources for WNY, Inc.
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