Regan Development Completes 64-Unit Affordable Housing Community in Upstate New York

PLATTSBURGH, N.Y. — Regan Development Corp. has completed Homesteads on Ampersand, a 64-unit affordable housing community located at 292 Rugar St. in Plattsburgh. The eco-friendly community features four two-story buildings featuring 24 one-bedroom, 20 two-bedroom and 20 three-bedroom units, as well as a community building. The property features on-site management, a laundry facility, community room, library and computer center, as well as 73 surface parking spaces. Additionally, units feature Energy Star appliances, carpet, air conditioning and storage. Irvine, Calif.-based WNC, a national investor in real estate and community development initiatives, provided $7.1 million in low-income housing tax credit equity for the new development, which was constructed in one year.