The Jefferson County Board of Legislators passed resolutions Tuesday evening to advance construction in and around Fort Drum in an effort to help fill the community's need for more housing.
One resolution will transfer $500,000 from the county's fund balance to the Jefferson County Industrial Development Agency, offsetting the agency's commitment of $500,000 to Creek Wood Apartments, a project by Norstar Development USA, Buffalo, that will be built between Mill Street and Plaza Drive.
Of the 96 apartments in the first phase, 72 are rent-capped affordable-housing units. The county can grant money to affordable-housing projects, but Tuesday's move skirts around laws that prohibit municipalities from giving a hand to any private developer.
JCIDA will move the $500,000 in addition to a $2 million commitment to private developers.
After the Creek Wood Apartments project is complete, county officials believe, 1,035 housing still units would be needed to accommodate 10th Mountain Division soldiers who are expected to return from Afghanistan.
With a second resolution, the county will forgo any revenue collected from a pending host community agreement with Lend Lease for the final phase of construction on Fort Drum. The amount is estimated to be some $850,000.
JCIDA will use the funds for a market-rate housing commitment.
The 166 homes being built on post include four- and five-bedroom homes, which are in demand for soldiers, but are not being built by private developers off post, County Administrator Robert F. Hagemann III said.
“That need is a very legitimate need and will be pretty much covered by construction,” he said. “The more bedrooms you add to a project, the more costly they become.”
The county has committed $2 million to encourage market-rate apartment development.
It will fill the gap between the $500,000 moved to JCIDA and the estimated $850,000 in revenue from the pending host community agreement will be filled by in-kind highway services.
Times staff writer Nancy Madsen contributed to this report.