Major Transformation: The NHP Foundation and Partners Acquire East Buffalo Housing Units

Major Transformation in East Buffalo

The recent acquisition of 360 residential units in East Buffalo by The NHP Foundation, BFC Partners, and St. John Fruit Belt CDC marks a pivotal point for the local community. The deal, finalized on March 11, 2025, involves purchasing the Towne Gardens property located at 440 Clinton Street for $21,700,000. This initiative aims to enhance the neighborhood and stimulate further investment in the area.

Background and Impact

Located on an 18.1-acre site, Towne Gardens encompasses a project-based Section 8 community that is set for revitalization at an overall development cost projected at $120,000,000. Buffalo’s Mayor, Christopher P. Scanlon, expressed the importance of ensuring access to quality and affordable housing in the city. He emphasized that the renovation of Towne Gardens will preserve housing for many families, fostering a stronger community.

BFC Partners has previously engaged with the East Buffalo neighborhood, acquiring the adjacent retail plaza for $1.35 million. Their plan involves not just renovations but a broader initiative to develop mixed-income housing solutions combined with retail opportunities, effectively changing the economic landscape of the area.

Commitment to Quality Housing

Rob Sanna, Director of Preservation at BFC Partners, highlighted the firm’s commitment to transforming the quality of life for the residents. The company has allocated $2 million for immediate repairs and projects more extensive renovations within the upcoming year, reinforcing their belief that this development will spark additional investments in the neighborhood.

Tim Pryor, Vice President of Acquisitions at The NHP Foundation (NHPF), echoed this sentiment. He indicated that teaming up with partners like BFC Partners and St. John Fruit Belt CDC is integral to their mission of providing affordable housing options that stand the test of time. The acquisition of Towne Gardens reflects a steadfast dedication to meeting community needs and ensuring stability for future residents.

Community Engagement and Future Plans

Community engagement will be a cornerstone of this project. Pastor Michael Chapman, President and CEO of St. John Fruit Belt CDC, noted that this acquisition is part of a more extensive community development mission that has spanned 98 years. They are dedicated to involving the community throughout the development process to ensure it aligns with local needs and values.

With the overall initiative aimed at a $1 billion investment in the Fruit Belt area, which includes various other projects like the $57 million McCarley Gardens renovation and the planned $160 million new build, this acquisition is a crucial step in achieving significant community transformation.

Conclusion

The collaborative efforts of The NHP Foundation, BFC Partners, and St. John Fruit Belt CDC set a positive precedent for future urban development projects. The focus on revitalizing East Buffalo not only signifies hope for improved living conditions for residents but also serves as a model for inclusive community development. As these organizations proceed with renovations and engagement, the aim is clear: to cultivate a flourishing community for generations to come.