The Glens Falls Portfolio includes 4 apartment communities developed under a joint venture partnership with the City of Glens Falls Housing Authority and Duvernay + Brooks. The four communities, Cronin Tower, Stichman Tower, Earl Tower and 25 LaRose are located in the City of Glens Falls and the Village of Hudson Falls, New York. The 3 Tower buildings include renovated senior apartment homes. 25 LaRose was a 50-unit family community that was demolished and improved with 54 newly constructed apartment homes and Clubhouse. All 4 communities have community space, outdoor patios, and amenities for their respective residents.
These communities serve households with income levels ranging from 40% to 70% of the Area Median Income. Financing was provided by the NYS Housing Finance Agency through tax-exempt bond and Low-Income Housing Tax Credits, and HUD through the RAD program and Section 18 disposition funding. All apartment homes were designed under NYSERDA guidelines to promote energy efficiency. Construction commenced in January 2021 and was completed in 2024.