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IURA reports: CDBG spend-down behind, program income from INHS, Restore NY Southworks moves forward; Ithacan vacancies announced
Summary
Staff presented July grant and loan reports showing some projects behind schedule for CDBG spend-down, program income from INHS loan repayments, and a Restore NY Southworks project moving toward abatement and renovation with a time extension; staff also noted vacancies in 20 units of the Ithacan residence at rents set at 80% AMI.
IURA staff presented July grant and loan reports and several program updates during the meeting.
Staff said the grant summary is being reformatted for readability and continues to track project schedules. Several projects were flagged as behind schedule as of July; staff cited Cleveland Avenue as an example that was behind schedule and addressed at the meeting. Staff said INHS’s homeowner rehab program continues to move projects forward and that all loan repayments were current.
Staff reported unexpected program income from INHS…
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