The proposed project will utilize state and federal historic tax credits to adaptively convert the buildings into 18 affordable apartments, offices for NAACP and Barbara Miller Williams, a full-service restaurant and 1,800 sq. ft. of commercial space.  The building is approximately 33,000 sq. ft. and sits squarely in the heart of the Michigan Street African American Heritage Corridor which features a host of landmarks in local and national black history and the Underground Railroad.  The project employment includes 3 retained jobs associated with the offices of Barbara Miller Williams and 3 new full time and 2 part time jobs in connection with commercial space.

As the project site has been owned by two not for profits - Sankofa Community Development Corporation and Buffalo Urban Renewal Agency, they were exempt from real estate taxes.

Upon expiration of the City's real property tax abatement period, the buildings will pay full taxes.  Erie County will receive full taxes.

· 07/30/2018 - Public hearing held. 

· 08/22/2018 - Inducement Resolution presented to Board of Directors adopting a Negative Declaration in accordance with SEQRA.

· 08/22/2018 - Lease/Leaseback Inducement Resolution presented to the Board of Directors