Oneonta Heights Has Grand Opening
The transformation of a number of blighted and formerly vacant properties in Oneonta into new senior housing is now complete. On Tuesday the $15.9 million development known as Oneonta Heights was officially opened. The project was supported by a $10.5 million Community Preservation Corporation construction loan, a $550,000 private pension fund permanent loan and a $2.6 million from the Housing Trust Fund. Additional funding includes $300,000 from the City of Oneonta and $150,000 from the New York State Energy Research and Development Authority.