OMNI DEVELOPMENT COMPLETES AFFORDABLE TOWNHOME PROJECT

ALBANY, N.Y. — Albany-based Omni Development Co. has completed construction of Jared Holt Mews Townhouses, 10 affordable housing units located at the corner of Broad Street and Third Avenue in Albany. The two-story residences feature seven distinct façades, with each residence containing its own private entrance, as well as a patio or deck. United average 1,200 square feet and contain one to five bedrooms. Monthly rents for the townhomes for qualified residents will be $871, and the Albany Housing Authority will offer lease-to-own opportunities in the future. The completion of the Jared Holt Mews Townhouses marks the completion of Phase I of the $22 million revitalization of Albany’s South End. Phase II of the project will add 43 units and will break ground later this year. The first two phase combined will bring 95 new and rehabilitated low-income homes to Morton Avenue, Clinton Street and Broad Street.