Arbor Hill Phase IIIA & IIIB –
Albany, NY
Number of Units
77
Type of Housing
Family Rental
Development Cost
$16 million
Financing
4% Low Income Housing Tax Credits
9% Low Income Housing Tax Credits
HUD HOPE VI Funds
HUD RHF Funds
HUD Housing Trust Fund
Federal Home Loan Bank
Investor
MMA
Norstar Role
Turnkey Developer
Partner
Albany Housing Authority
Completion Year
Phase IIIA: 2007
Phase IIIB: 2008
Norstar Building Corporation Role
General Contractor
