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Non-profit awarded $2.9 million from state for affordable housing in Niagara Falls

Housing Visions Inc., a Syracuse-based not-for-profit, was awarded $2.9 million in low-interest loans and tax credits for its $12 million Walnut Avenue Homes project, the state announced today.

The organization is planning to construct 41 housing units at eight properties on Walnut Avenue as well as Fifth, Sixth and Seventh streets.

Housing Visions received $1.2 million through the Low-Income Housing Trust Fund Program; $1 million through the HOME Capital Program; and $727,000 in federal low-income housing tax credits.

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Aaron Besecker

Aaron Besecker

Aaron Besecker joined The Buffalo News in 2007, where he has covered communities in Western New York as a beat reporter, multimedia journalist and assistant online editor. A Buffalo native, he began his career in journalism at the Niagara Gazette.

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