The success of Homestead Development Corp.’s Fawn Valley affordable housing project in Lake Placid has encouraged the nonprofit to plan a similar venture off of Algonquin Drive in the west side of the village.

Residents in a small Adirondack town in Essex County recently used a new housing statute and millions of dollars in public financing to block the sale of their 165-unit manufactured home park to a private equity firm. It marks the first time the provision of the state’s right-of-first-refusal statute has been used since it became law in 2023. 

Thrive and Thrift brings two valuable services together in new building

On May 10, sixteen townhomes went up for sale at the Fawn Valley Development in Lake Placid. Over half are currently under contract.

Homestead Development Corp., a non-profit developer of attainable and sustainable housing, has received state approval to sell 16 newly built townhomes on Pioneer Lane in Lake Placid.

Homestead Development Corporation, a prominent 501 C (3) public charity and private developer based in Lake Placid, is excited to announce its plans for the development of Fox Hill, a second neighborhood dedicated to essential workers and individuals who have contributed to the community.

Wooden poster sign for Fawn Valley by Homestead Development Corporation, located at Wes Valley location for affordable housing in Lake Placid New York.

Lake Placid residents will witness something new when driving down Wes Valley Road this August; the construct on of six Cape style homes designated for local essential workers and their families.

Community Fundraiser for Homestead Development Corporation

Logs are seen at rest here at the Fawn Valley development this fall. Homestead Development Corporation President Steve Sama said Wednesday that logging is complete on the construction site.

$125K grant to further affordable housing development for six new homes.

Lake Placid Based Non-Profit Acts to Foster Affordable Housing Ownership Opportunities for Working Residents.