National Equity Fund

The Eastman Reserve

Rochester, NY

Jobs Created: 56
Jobs Year One: 228

Constructed on a blighted parking lot in a transitional neighborhood in Rochester, NY, The Eastman Reserve seeks to help transform the community into a safe, sustainable residential area with connections to existing amenities and employment opportunities. The 187-unit mixed-income mixed-use complex is comprised of townhouses, single-family homes and multi-family apartments that target a range of households including homeless youth and domestic violence survivors. Supported by Empire State Supportive Housing Initiative (ESSHI) funding, 69 apartments are affordable to households earning 50 percent or less of the Area Median Income (AMI), including 27 special-needs units: five targeting homeless young adults (18-25) and 22 are reserved for domestic violence survivors. Most of the other units are affordable with 66 at 50-60 percent AMI, 33 units at 60-90 percent AMI, and 19 units at 90-120 percent AMI. Residents have access to on-site supportive services such as counseling, legal, and healthcare services as well as a variety of modern amenities.

The Eastman Reserve won a 2020 Developments of Distinction Award for the Development that Best Preserves Metropolitan Community Impact and was a 2021 AHF Readers' Choice Awards - Family Category Finalist.

Sponsored by PathStone Development Corporation, NEF invested nearly $20 million of LIHTC equity into this development.

Project Details:

Population Served:
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Mix of Residences:
2 Bedroom (79),1 Bedroom (76),3 Bedroom (33)
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Property Manager:
NH Architecture, P.C.
General Contractor:
Christa Construction LLC

View More Family Developments

Georgiaville Village Green

Georgiaville Village Green

Smithfield, RI

Georgiaville Village Green is one of the first affordable housing developments for families in Smithfield, Rhode Island. Once home to the Narragansett Gray Iron Foundry, Gemini Housing Corporation remediated and replaced a brownfield site with a 42-unit complex. This townhome community mirrors the architecture of historic Georgiaville Village while maintaining a cohesive design that is surrounded by greenery built to street edge. Units are available for single-family residents earning between 30-60 percent of the Area Median Income (AMI).  

The new homes at Georgiaville Village Green offer 3 one-bedrooms, 22 two-bedrooms, and 18 three-bedrooms. Five homes are reserved for very low-income households earning no more than 30 percent AMI through the Section 811 program, which offers supportive services to those residents with disabilities. The Smithfield area holds a range of shopping centers, medical centers, restaurants, and other amenities. 

This building’s “green” features include storm water runoff management, 46-kW solar photovoltaic systems, and the construction led to efforts to clean the contaminated lagoons and rehabilitate nearby riverbanks.  

Georgiaville Village Green was a 2020 AHF Readers’ Choice Awards Finalist in the Family category. Funding from the Local Initiatives Support Corporation (LISC) and Community Development Block Grant (CDBG) program made the remediation and land purchase possible. Sponsored by Gemini Housing Corporation and housing authority affiliate, Coventry Housing Associates, NEF contributed an investment of about $8.1 million in LIHTC equity.  

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