July 13, 2012
$1.6 million in housing grants finalized
Four Cortland County municipalities will each receive $400,000 through a state program to improve and rehabilitate housing.
The Central New York Regional Economic Development Council awarded the money last year through the Community Development Block Grant Program to Cortland, Homer, Marathon and Cortlandville.
The state recently signed off on contracts for 13 projects, including the four in Cortland County.
Money will go to the following municipalities for the following projects:
— $400,000 to the city of Cortland to assist in the purchase of two- or three-unit housing properties in the city that will result in the development of 19 affordable homes.
— $400,000 to the village of Homer to rehabilitate 11 substandard housing units.
— $400,000 to the town of Marathon that will rehabilitate 13 owner-occupied severely substandard housing units
— $400,000 to the town of Cortlandville to rehabilitate 13 owner-occupied, severely substandard units
Thoma Development Consultants helped the towns with their grant applications and will be administering the grants.
The grants will help residents with lower incomes rehabilitate and repair their homes.
Rich Cunningham, program manager for Thoma Development Consultants, said people interested in applying for funding can contact Thoma or their municipal office to apply.
In Homer, Marathon and Cortlandville, applicants must earn below 80 percent of the median income to apply, or about $36,000.
The city program gives money to prospective homeowners to purchase two- or three-unit housing properties with the condition that they rent units to lower-income tenants.
The tenant income ranges vary depending on the size of the family moving into the units.
Cunningham said it is usually a two-year process to award all the money through the grant programs.
Cortland is not the only county that benefited from the state money. The various projects will restore and rehabilitate homes for 275 families in the Central New York Region, with total project costs of $9.5 million, according to the state.
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