Boston-based WinnCos. has completed the conversion of a 230,000-square-foot historic building into 103 units of mixed-income senior citizen housing in Albany, New York.

WinnCos. partnered with the Albany Housing Authority on conversion of the vacant Livingston School built during the 1930s into 12 studios, 76 one-bedroom apartments and 15 two-bedroom units. The property includes 11 handicap-accessible units and five equipped for hearing or visually impaired residents.

The project began in January 2014 with support from the city of Albany, the Albany Industrial Development Agency, the Albany Community Development Agency, the New York State Division of Housing and Community Renewal, the New York State Energy Research and Development Authority, the New York State Historic Preservation Office and the U.S. National Park Service. KeyBank, Citizens Bank, Boston Financial, The Community Preservation Corp. and the Federal Home Loan Bank of Boston provided private financing.

The project created 140 construction jobs, with 28 percent of workforce hours performed by minorities and women. In addition, 84 percent of all labor hours were performed by workers from the Capital District. Low-income residents from the Albany area accounted for nearly 7 percent of the workforce hours.

Fully occupied in just two months, the Livingston School Apartments is open to residents 55 or older that earn between 50 and 90 percent of the area median income.

The Architectural Team of Chelsea served as architect and Keith Construction as the general contractor on the project, using funding sources that included federal and state low-income and historic tax credits.

WinnCos. Completes $20.7M School Conversion

by Banker & Tradesman time to read: 1 min
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