History
Constructed in 1972, Van Rensselaer Village is located in the City of Watervliet, NY, a working class community seven miles north of downtown Albany.  These apartments are in a solid residential neighborhood three blocks from the city’s main commercial district.  Conveniently located in an existing walkable neighborhood close to community services, retail facilities and public transit makes this project very marketable.  Revitalization of Van Rensselaer Village will improve surrounding property values.

Economy

• A building rehabilitation project is labor intensive with multiple levels of details to coordinate.
• This level of coordination will generate an estimated 80 full time construction jobs and an estimated 120 construction related jobs.
• Providing well paying construction jobs with Davis Bacon Wage Rates will aid in the much needed economic stimulus.
• After completion the project will sustain an estimated 30 local jobs which will generate an estimated $1.5 million in local wages and business income.

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