As currently designed, the Vecino development at 217 Main Street will provide affordable housing at rents set at 30% of Otsego County median income for 5 units ($18,480 single; $21,120 couple), 50% of Otsego County median income for 11 units ($30,800 single; $35,200 couple), 60% of Otsego County median income for 16 units ($36,840 single; $42,060 couple), 80% of Otsego County median income for 10 units ($49,120  single; $56,000 couple) plus the 8 units held for those with intellectual or development disabilities to have services provided by Springbrook. This will set rents at a range of $433-$1090 for a 1-bedroom and $511 to $1300 for a 2-bedroom, varying by median income level.

 

PILOT Documents

 

RESOLUTIONS
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