real estate

VOORHEESVILLE — The Albany County Rural Housing Alliance has three available grant spots left for qualified first-time home buyers purchasing in Albany County. Participating buyers will have until May 31 to close on a qualifying home.

Phillips Hardware

A study done for the IDA by Camoin Associates looked at demand for hardware in the area and found that, while the area is already well served by stores selling building materials and supplies, Phillips is able to provide a higher level of customer service and to offer unique services such as small-engine repair. The study said this should help Phillips reach a market that larger big-box stores cannot.

The state has granted a six-month extension for the Interim Mortgage Assistance Program’s most vulnerable participants, made possible by an additional $3.9 million in state funding.

The Beacon Communities project soon to be proposed at Mercy Care Lane in Guilderland would be the first of its kind in New York State. It is modeled on Treehouse Foundation of Easthampton, Massachusetts, which has achieved “fabulous” results for the children raised there, said Duncan Barrett of Beacon, who said that Beacon was asked by the state’s Office of Children and Family Services to replicate the model in New York State.

This week, Daniel McCoy, the Albany County executive, signed into law an extension of the mortgage-recording tax.

A 92-unit apartment complex intended for senior citizens, at Route 20 and Mill Hill Court, broke ground on Nov. 1. The Guilderland Industrial Development Agency has granted the $21 million project $650,000 in sales and mortgage-recording tax breaks.

Settlement money from the nation’s largest banks over misconduct that contributed to the housing crisis is being given to land banks across the state to revitalize communities with blighted or abandoned properties.

GUILDERLAND — A new citizens’ group is concerned about the number of apartment complexes currently proposed in Guilderland, which would add more than 1,200 units.

The new dorms, with their many energy-efficiency features, should be complete in one year.

There is no easy or immediate answer to the question of what to do with rundown properties like the Rustic Barn or the former gas station near Crossgates — both on Route 20 in Guilderland.

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