New York / Niagara Falls / Center Court Phase I and II
Center Court Phase I and II    –
Niagara Falls, NY
Number of Units
215
Type of Housing
Family Rental, New Construction
Development Cost
$61 million
Financing

4% Low Income Housing Tax Credits
9% Low Income Housing Tax Credits
NYS Housing Trust Fund Corporation
NYS Homes and Community Renewal
Niagara County Industrial Dev. Agency
NYS Energy Research & Dev. Authority
Tax Exempt Bonds & Issuances
HUD HOPE VI Funds
HUD ARRA Stimulus Funds
Federal Home Loan Bank
City of Niagara Falls Casino Funds

Investor

The Richman Group

Norstar Role
Developer/Owner
Partner
Niagara Falls Housing Authority
Completion Year

Phase I: 2011
Phase II: 2013

Norstar Building Corporation Role
Phase I - General Contractor Phase II - General Contractor in conjunction with a local contractor
Norstar Property Management USA Role
Property Manager