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Market-Rate Housing Project Advanced in Pembroke

Posted by admin at 8:00 AM on Oct 6, 2023


The Genesee County Economic Development Center (GCEDC) board of directors advanced an initial resolution for Countryside Apartments LLC’s proposed development adding 96 market-rate apartments across four phases at its board meeting on Thursday, October 5th, 2023. The complex
The $15.65 million project will be located at 8900 Alleghany Road in the town of Pembroke, with each of four planned buildings having eight 1-bedroom and 16 2-bedroom units.
The project aligns with Genesee County’s recognized demand for market-rate housing. A housing study identified that 4,800 units are needed in the next 20 years across single-family homes and rental units to support population and business growth in Genesee County, including over $1 billion of investment and over 600 careers announced by projects at the nearby Western New York Science & Technology Advanced Manufacturing Park.
Countryside Apartments, LLC has requested assistance through a sales tax exemption estimated at $739,200, a property tax abatement estimated at $2,020,688, and a mortgage tax exemption estimated at $130,000. For every $1 of public benefit, the company is investing $5 into the local economy.
A public hearing for the proposed project agreements will be scheduled in the town of Pembroke.
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