Under
Construction
Cortland Crown Homes
housingvisions.org
Funding
Sources
| Source |
Purpose |
| Keybank National
Association |
Construction
Loan |
| Key Community
Development Corp. |
Equity for Low Income
Housing Tax Credit |
| NYS HOME
Loan |
CDBG loanPermanent
Financing |
| NYS HTF
Loan |
Permanent
Financing |
| City of
Cortland |
CDBG Funds |
| Housing Visions
Consultants, Inc. |
Equity |
Development
Team
Housing Visions Consultants, Inc.
Alestalo &
Etzel Architects, P.C.
Housing Visions Construction Co.
Cortland Housing
Assistance Council, Inc.
Green & Seifter Attorneys, PLLC
Green &
Seifter Certified Public Accountants, PLLC
Key Bank National
Association
Key Community Development Corp.


Cortland
Crown Homes consists of 30 units of scattered site rental housing in a critical
mass to be rehabilitated or newly constructed along the City of Cortland’s South
Main Street gateway. This project is part of the City of Cortland’s
comprehensive revitalization plan and responds to a priority need for quality
affordable housing.
Six substandard buildings will be substantially
rehabilitated and the demolition of 4 buildings with 2 respective new builds
will significantly change the streetscape of the neighborhood on the western
side of South Main Street. In total, 30 high quality affordable units will be
created through the Cortland Crown Homes project, giving the city a needed
facelift, reversing deteriorating economic and social conditions and providing
economic stability for households.
About The
Project
An application
for funding was submitted in early 2006 to the Department of Housing and
Community Renewal (DHCR) for this neighborhood revitalization project and the
award was announced in August. Property closings are currently in process.
Artist
Concept
Property
Address
Scattered sites along South Main Street in Cortland,
NY
Individually designed homes
-
Multi-family houses for 2 to 5 families.
- Unique
designs, flats and townhouse styling.
- off street
parking.
Quality units
- Use of durable
materials, bright floor plans.
Convenient location
- The neighborhood is essentially an older,
low-income residential
neighborhood.
- Walking distance to stores and
businesses, professional offices and
the post office.
Laundry facilities
-
Washer/dryer hook-ups within apartments
Maintenance service
Features
Cortland
Crown
Homes