Our network

Real Estate

Survey shows slight decline in real estate pessimism

ALBANY- New Yorkers' pessimistic outlook on the housing market is slowly improving.
    
The Siena Research Institute released its quarterly survey on real estate sentiment Thursday morning.
    
It finds that although the sales are still down, homeowners are feeling that property values are starting to creep up.
    
There was improvement in upstate New York, but not much change in New York City.

Saratoga Springs breaks ground on long-awaited workforce housing

SARATOGA SPRINGS - It's not unusual to see construction in Saratoga Springs. But it's rare to see construction of affordable housing.

As the city has thrived and expensive condos and town homes have sprouted up all over town, no affordable workforce housing has been built in three decades. No new places for the hotel clerks, waitresses chambermaids and bank tellers to live.

"We're 250 employees now and sadly not everyone can live within the city. We have people coming down from Corinth," says Charles Wait, President of the Adirondack Trust Co.

"The service workers have a hard time finding a place to live around here, so they have to live so far out, it makes it impossible for many of them to get here," says Dennis Brunelle, Chairman of the Saratoga Affordable Housing Group.

New housing that workers in the service industry can afford, has been a topic here for years.

But Friday, talk became reality.

Ground breaks for affordable housing units

The Saratoga Affordable Housing Group is holding a ground breaking ceremony for fifteen new affordable housing units being built on Allen Drive.

The event is happening on Friday, October 15, at 11 a.m. and takes place at 36-38 Allen Drive.

The new housing will consist of 15 units. Nine will have three bedrooms and six will have one bedroom. Two of the units will be designed specifically to accommodate the need of hearing impaired individuals. Two others will be ADA compliant.

The new apartments will be made available to people who live and work in the city of Saratoga Springs. The process will be for those earning 60 percent or less of the median income for the city.

The Saratoga Affordable Housing Group Inc is a not for profit arm of the Saratoga Springs Public Housing Authority.

Five Saratoga properties recommended for national registers

The New York State Board for Historic Preservation recommended that 24 properties be added to the State and National Registers of Historic Places, including five Saratoga County sites.

Once the recommendations are approved by the state historic preservation officer, the properties are listed on the New York State Register of Historic Places and then nominated to the National Register of Historic Places, where they are reviewed and, once approved, entered on the National Register.

The five sites recommended are: