BINGHAMTON, N.Y. — Binghamton Mayor Jared Kraham on Wednesday on Nov. 12 announced the completion of a $3.2 million senior and affordable-housing project on Munsell Street on Binghamton’s north side.
Kraham joined representatives from Greater Opportunities for Broome and Chenango, Inc. and New York State Homes and Community Renewal to make the announcement.
The project features 12 units of housing across two new buildings at 29–31 and 32–34 Munsell St. the City of Binghamton said. All of the tenants have supportive case-management services, provided by Greater Opportunities, available to them upon request.
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Six of the units are reserved for seniors ages 62 and older. The other six units are for low–income individuals and families under 80 percent AMI (area median income).
“This project has transformed blighted vacant lots into much-needed affordable housing for seniors and families. It’s the latest major investment in Binghamton’s North Side and an example of the change we’re delivering to neighborhoods across Binghamton, block by block,” Kraham said in the city’s announcement. “My thanks to New York State Homes and Community Renewal for supporting this project with funding and to Greater Opportunities for Broome and Chenango, Inc. for their continued partnership and leadership on tackling the statewide housing crisis.”
The City of Binghamton funded the project with $2.5 million in federal American Rescue Plan Act (ARPA) funds. New York State Homes and Community Renewal provided an additional amount of about $785,000 through its Small Rental Development Initiative (SRDI), which provides grant funding to non-profits for preserving and developing affordable rental projects with 20 units or less. This is the first SRDI project to be completed.
“The Munsell Street Project is a reflection of what’s possible when we prioritize people and community. These new homes are designed to meet the diverse needs of our neighbors — older adults, individuals with disabilities, and families working hard to make ends meet,” Mark Silvanic, CEO of Greater Opportunities for Broome and Chenango, said. “By offering safe, affordable housing with built-in support services, we’re helping residents build stability, independence, and meaningful connections within the Binghamton community. This project is about more than buildings — it’s about creating a place where everyone belongs.”
