Moyer Carriage and Car Factory transformed into housing development

The newly completed development offers affordable units for households earning up to 60% of the AMI.

Upasana Mukherjee May 31 2024

Work has been completed on the transformation of Moyer Carriage and Car Factory in Syracuse, New York, US, into a 128-unit affordable and supportive housing development. 

This project is part of New York governor Kathy Hochul’s $25bn Housing Plan, aimed at creating or preserving 100,000 affordable homes throughout the state. 

The Moyer factory complex, a site on the National Register of Historic Places, has undergone extensive rehabilitation.  

The factory was originally constructed in phases from 1882 to 1909 and served various manufacturing and corporate functions. 

Hochul said: “The adaptive reuse of the Moyer Carriage and Car Factory transforms an important relic of this region’s past into new, modern housing in the heart of Syracuse’s North Side that will accommodate a growing workforce for years to come.” 

All apartments within the development are considered affordable for households earning up to 60% of the area median income (AMI). 

The complex includes 50 units offering supportive services by Catholic Charities of Onondaga County. 

Funding for rental and operating subsidies will be provided through an Empire State Supportive Housing Initiative award by the New York State Office of Mental Health. 

The renovated buildings also aim for Enterprise Green Communities certification, featuring sustainable elements such as low-flow fixtures, LED lighting, and Energy Star appliances.  

It has been co-developed by Housing Visions and Redev CNY. 

Redev CNY partner and co-founder Ryan Benz said: “Our goal in redeveloping the Moyer Carriage Lofts was to create affordable, high-quality housing, while instilling new life to this building and the Northside Syracuse community.  

“As we work towards a future that allows all to live in safe, affordable homes, the role of our partners, consultants, and HCR in particular cannot be understated.” 

The Brownfield Cleanup Program added another $6.4m in state tax credits, and the city of Syracuse contributed $500,000 in HOME funds to the project. 

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close