New York State Office of Homes and Community Renewal https://www.thebatavian.com/ en https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png New York State Office of Homes and Community Renewal https://www.thebatavian.com/ Local Matters © 2008-2023 The Batavian. All Rights Reserved. Mon, 20 May 2024 05:48:33 -0400 https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png Tue, 12 Sep 2023 14:14:00 -0400 Developers are interested in Ellicott Station, a 'complex situation' https://www.thebatavian.com/jfbeck99272012/developers-are-interested-in-ellicott-station-a-complex-situation/636439
savarino ellicott station
What may be the last activity on the property of Ellicott Station for awhile, the construction trailer gets loaded up and hauled away in late August. 
Photo by Howard Owens.

There are “several interested developers” working with Sam Savarino, president of the now-defunct Savarino Companies after he announced closing about a month ago, City Manager Rachael Tabelski says.

In response to a request for an update, Tabelski said Tuesday that Savarino and banking institutions have been involved in talks with those developers, though she did not have or divulge anything “official.” 

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https://www.thebatavian.com/jfbeck99272012/developers-are-interested-in-ellicott-station-a-complex-situation/636439#comments https://www.thebatavian.com/jfbeck99272012/developers-are-interested-in-ellicott-station-a-complex-situation/636439 Sep 12, 2023, 2:14pm New York State Office of Homes and Community Renewal Developers are interested in Ellicott Station, a 'complex situation' jfbeck_99_272012 <figure role="group" class="caption caption-div align-center"> <div> <div class="field field--name-field-media-image field--type-image field--label-hidden field__item"> <img alt="savarino ellicott station " class="image-style-large" height="533" loading="lazy" src="https://www.thebatavian.com/sites/default/files/styles/large/public/2023-09/savarino-construction-trailer-removed-2.jpg?itok=QzMS4DOf" width="800"> </div> </div> <figcaption>What may be the last activity on the property of Ellicott Station for awhile, the construction trailer gets loaded up and hauled away in late August.&nbsp;<br>Photo by Howard Owens.</figcaption> </figure> <p><span>There are “several interested developers” working with Sam Savarino, president of the now-defunct Savarino Companies after he announced closing about a month ago, City Manager Rachael Tabelski says.</span></p><p><span>In response to a request for an update, Tabelski said Tuesday that Savarino and banking institutions have been involved in talks with those developers, though she did not have or divulge anything “official.”&nbsp;</span></p>
HCR's role for Ellicott Station: to 'deliver 55 affordable homes to Batavia' https://www.thebatavian.com/jfbeck99272012/hcrs-role-for-ellicott-station-to-deliver-55-affordable-homes-to-batavia/636223
ellicott station savarino business closed
A photo of the apartments at Ellicott Station under construction from earlier this week.
Photo by Howard Owens.

The state Office of Homes and Community Renewal has and will be involved with the Batavia-based Ellicott Station project, which has been thrown into some doubt recently after developer Sam Savarino announced he was shutting down his development firm, Savarino Companies.

An agency spokesperson responded to The Batavian’s request for comment, given that HCR initially awarded Savarino $1.2 million per year of low-income housing tax credits for 10 years based on his ability to secure investors, and more recently awarded Savarino $5.7 million in low-income housing tax credits for the downtown apartment project.

"HCR has been actively monitoring the progress of the construction of Ellicott Station and will continue to do so as we work to ensure completion of this critical project and deliver 55 affordable homes to Batavia,” the spokesperson said Friday. 

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https://www.thebatavian.com/jfbeck99272012/hcrs-role-for-ellicott-station-to-deliver-55-affordable-homes-to-batavia/636223#comments https://www.thebatavian.com/jfbeck99272012/hcrs-role-for-ellicott-station-to-deliver-55-affordable-homes-to-batavia/636223 Aug 25, 2023, 7:19pm New York State Office of Homes and Community Renewal HCR's role for Ellicott Station: to 'deliver 55 affordable homes to Batavia' jfbeck_99_272012 <figure role="group" class="caption caption-div align-center"> <div> <div class="field field--name-field-media-image field--type-image field--label-hidden field__item"> <img alt="ellicott station savarino business closed" class="image-style-large" height="533" loading="lazy" src="https://www.thebatavian.com/sites/default/files/styles/large/public/2023-08/ellicott-station-padlocked-and-empty-2023-5.jpg?itok=xFDYd6p4" width="800"> </div> </div> <figcaption><em>A photo of the apartments at Ellicott Station under construction from earlier this week.</em><br><em>Photo by Howard Owens.</em></figcaption> </figure> <p><span>The state Office of Homes and Community Renewal has and will be involved with the Batavia-based Ellicott Station project, which has been thrown into some doubt recently after </span><a href="https://www.thebatavian.com/jfbeck99272012/documents-say-savarino-defaulted-on-financial-agreements-gcedc-and-city-work-on-next"><span>developer Sam Savarino announced he was shutting down his development firm</span></a><span>, Savarino Companies.</span></p><p><span>An agency spokesperson responded to The Batavian’s request for comment, given that HCR initially awarded Savarino $1.2 million per year of low-income housing tax credits for 10 years based on his ability to secure investors, and more recently awarded Savarino $5.7 million in low-income housing tax credits for the downtown apartment project.</span></p><p><span>"HCR has been actively monitoring the progress of the construction of Ellicott Station and will continue to do&nbsp;so&nbsp;as we work&nbsp;to ensure completion of this critical project and deliver&nbsp;55&nbsp;affordable homes&nbsp;to&nbsp;Batavia,” the spokesperson said Friday.&nbsp;</span></p>