Center Court Phase I and II –
Niagara Falls, NY
Number of Units
215
Type of Housing
Family Rental, New Construction
Development Cost
$61 million
Financing
4% Low Income Housing Tax Credits
9% Low Income Housing Tax Credits
NYS Housing Trust Fund Corporation
NYS Homes and Community Renewal
Niagara County Industrial Dev. Agency
NYS Energy Research & Dev. Authority
Tax Exempt Bonds & Issuances
HUD HOPE VI Funds
HUD ARRA Stimulus Funds
Federal Home Loan Bank
City of Niagara Falls Casino Funds
Investor
The Richman Group
Norstar Role
Developer/Owner
Partner
Niagara Falls Housing Authority
Completion Year
Phase I: 2011
Phase II: 2013
Norstar Building Corporation Role
Phase I - General Contractor
Phase II - General Contractor in conjunction with a local contractor
Norstar Property Management USA Role
Property Manager
