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SARATOGA SPRINGS — Liberty Affordable Housing Inc., of Rome, NY, is applying for a zoning map amendment in its effort to develop approximately 200 apartments in two, four-story structures on a portion of a wooded 30-acre lot on the corner of Jefferson Street and Crescent Avenue.
The apartments would be geared toward “employees such as teachers, young professionals, nurses, hospitality industry, firefighters and police,” according to documents filed with the city.
Regarding residents, the project targets 60-80% of the Average Median Income (that median family income in the region is $106,000). To qualify to apply for an apartment at Liberty Saratoga the tenant/household verified income would range from just over $44,500 to nearly $85,000, and points to $900- $1,120 costs for a studio, $995-$1,200 for one-bedroom, and $1,200-$1,650 for two-bedroom apartments.
In order for the project to become a reality, an amendment is necessary to modify the current zoning from low density rural residential, or RR, to UR-4 – which accommodates family residential uses.
The application is one of three under consideration at this week’s meeting of the Saratoga Springs Planning Board. Other applications under consideration include: Excelsior Avenue Apartments - Site plan review of a proposed workforce housing project and associated site work; 131 Excelsior North Spring Run - Special Use Permit, Consideration of coordinated SEQRA review for a proposed 102-unit multi-family residential project.
One possible consent agenda item is an AgroChem Site Plan Extension, with a proposed extension of a previously approved site plan for a 16,000 square foot warehouse expansion in the Industrial general district.
