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Conifer Village ribbon-cutting in Interlaken

Interlaken, New York – To celebrate the completion of Conifer Village at Interlaken, there will be a press conference and ribbon cutting ceremony on Thursday, October 7, 2010 at 3:00 p.m. The community is invited to a reception and tours of the community immediately following the ribbon cutting.Conifer Village at Interlaken is a brand new apartment complex, which offers one bedroom affordable apartments for seniors 62+. The complex, nestled in the village of Interlaken, hosts a variety of services and amenities to accommodate the specific and individual needs of its residents. Featured amenities include balconies or patios, central air conditioning, Energy Star appliances, garbage disposals, wall-to-wall Berber carpets, window treatments, a wireless emergency call system, a controlled building access system, a central laundry room, a community room, computer lab and an exercise room. The apartments also allow pets, and the building is a green building initiative community.New York State Senator Mike Nozzolio said “There is a great need for affordable senior housing in Interlaken, and Conifer Village will provide a high-quality housing community at a low cost to residents and their families. It was a pleasure working with Conifer Reality, Better Housing for Tompkins County and the New York State Division of Housing and Community Renewal to make this important project a reality.”Speakers include:Ms. Julee Johnson, Board President, Better Housing for Tompkins CountyMr. Tom VanNortwick, Regional Director, NYS Homes and Community RenewalMr. Michael Bosak, Multi-family Housing Program Director, USDA Rural DevelopmentMr. Jim Fulmer, President of Bank of CastileMr. Michael F. Nozzolio, New York State SenateMr. Bill Larsen, Mayor, Village of InterlakenMr. Timothy Fournier, President and CEO, Conifer Realty, LLCConifer is a full service real estate company specializing in the development and management of high-quality, affordable housing communities. Since its inception, the company has developed over 200 properties and over 15,000 apartment units. River Pointe at Drum Hill is professionally owned and managed by Conifer Management, for more information please log onto www.coniferliving.com.PROJECT SUMMARYNUMBER OF UNITS:28 Affordable Senior ApartmentsUNIT TYPE:One BedroomDEVELOPER:Conifer Realty, LLCARCHITECT:NH ArchitectureCONTRACTOR:Conifer-LeChase Construction, LLCNot For Profit Partner:Better Housing for Tompkins CountyCONSTRUCTION LENDER:Bank of CastileEQUITY FINANCING:M&T BankFINANCING:$567,500 – NYS DHCR Low IncomeHousing Tax Credits$3,574,892 – 9% Tax Credit Equity (M&T)$1,117,445 – NYS Housing Trust Fund TCAP$332,042 – USDA Rural Development$81,270 – NYSERDAPILOT-Village of InterlakenDirections to Conifer Village at Interlaken: From the North:Take route 96 south through the village of Ovid to the village of Interlaken – Turn Left on Cayuga Street (first street after the school) proceed east on Cayuga street – Conifer Village is on the left directly across from electrical substation (Geneva) Street)ORTake route 89 south to the sign for Interlaken Village (County Route 141). Proceed west to Conifer Village across from electrical substation (Geneva Street)From The South:Take route 96 north through the village of Trumansburg to the Village of Interlaken – take the third right hand street (Cayuga Street) – Conifer Village is on the left directly across from the Electrical Power Substation (Geneva Street)ORTake route 89 north from Ithaca to the sign for Interlaken Village (County Route 141). Proceed west to Conifer Village across from electrical substation (Geneva Street)For more information contact 315-422-9400 or kevin@theeventscompany.com

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