By Paul Post
The state is providing $7.3 million to help fund a proposed $21 million, 60-unit affordable housing complex, called Riverview Apartments, in the village of Corinth.
A spring 2023 groundbreaking by Saratoga Springs-based Bonacio Construction Co. is planned.
The project is a joint venture between Corinth-based Hudson River Community Credit Union and RISE Housing and Support Services, a Saratoga Springs nonprofit organization founded in 1978, whose mission is helping people with mental health, substance use and other life challenges stay safe and healthy in the community.
Officials said 30 apartments will be reserved for homeless individuals with mental health illnesses who will have access to rental subsidies and on-site supportive services. The project will create eight jobs, including two case workers and a registered nurse to support residents.
Another 15 apartments will be strictly for seniors and there will be 15 more for community residents.
Three years ago, the credit union’s board of directors identified quality, affordable housing as the biggest challenge faced by many of its members living in Corinth.
“Corinth residents will be given priority when it comes to housing to ensure that members of the community most in need are the ones receiving the assistance the project was designed to help,” credit union CEO Sue Commanda said. “However, individuals from other communities will also be able to apply and live in the building.”
The 66,816-square-foot structure will be on a three-acre parcel, which the credit union donated. It is located near the intersection of Pine Street and Fifth Avenue.






