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Governor Kathy Hochul today announced the grand opening of Founders Way, a $27 million development near downtown Ithaca that provides 75 affordable and supportive apartments for individuals and families, plus commercial space for two local nonprofit organizations that offer advocacy and educational services to children and families in the community.
“We are creating new opportunities for families to improve their lives and build a better, safer future, and Founders Way will provide many New Yorkers with the housing they deserve,” Governor Hochul said. “This remarkable development represents a new beginning for this historic downtown campus that played an important role in the lives of city residents for generations. Now, Founders Way can help the city’s continued revitalization efforts by providing affordable homes and a place where residents can receive the support and services they need to thrive.”
Founders Way complements Governor Hochul’s sweeping plans to make housing more affordable, equitable, and stable. In the FY 2023 State Budget, the Governor introduced and successfully secured a new $25 billion, five-year, comprehensive housing plan that will increase housing supply by creating or preserving 100,000 affordable homes across New York including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes.
Founders Way was developed by Ithaca Neighborhood Housing Services, Inc. and consists of four buildings on the nearly two-acre campus of the former Immaculate Conception School, a co-educational Catholic school that served the community for more than 133 years. The main school building includes 67 apartments. In addition, a vacant single-family home was converted into two apartments, and two new three-unit townhouses were constructed on the site.
Together, the new community provides a total of 75 modern, energy-efficient affordable homes with a mix of studios, one-, two-,…
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