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IURA approves Inlet Island development of affordable housing, hometel | Ithaca

ITHACA, NY The full Ithaca Urban Renewal Agency (IURA) agreed with the Economic Development Committee and decided to move forward with the Finger Lakes Development proposal for Inlet Island at the June 24 meeting. The Finger Lakes Development proposal includes two separate buildings, one with 50-56 affordable housing units serving a range of 30-120% of area median income, and one with 78-90 units for extended stays, called a “hometel.” There were some concerns about density from IURA board member Tracy Farrell, a point that has been brought up by different people at each stage of the process so far. “There have been several comments that this seems too crammed,” Farrell said. “It’s just so much in not really that large of a space.”

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