Two city housing projects received support Monday from the Erie County Industrial Development Agency.
FJF Development/Utica Street Condominiums, LLC was approved for $430,000 in property, sales and mortgage recording tax abatements for its $2.7 million condominium/commercial space project. The property is located at 301-311 Utica Street. Sixteen residences and ground floor retail space are planned.
1040 Delaware, LLC also saw approval of $210,000 in sales and mortgage recording tax abatements to aid its $4 million overhaul of the former Niagara Lutheran Home. The long-vacant Delaware Avenue complex will be converted to 49 one- and two-bedroom apartments, with 2,000-square-feet of commercial space.
In related action, the Industrial Land Development Corporation, a sister entity to the ECIDA, took steps to allow it to issue up to $55 million in tax-exempt bonds for construction of new dorms on the Buffalo State College campus. The ILDC was recently reconfigured so it can issue bonds on behalf of non-profit entities to fill a funding gap left by expiration of state program.