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IURA approves up to $300,000 HODAC loan for adaptive reuse at 115–123 South Street
Summary
The IURA voted unanimously to provide a loan of up to $300,000 from the HODAC fund to support an adaptive reuse project at 115–123 South Street that will create housing affordable to households at or below 80% of area median income.
The Ithaca Urban Renewal Agency voted unanimously to approve a resolution to provide a loan of up to $300,000 from the HODAC fund to support adaptive reuse of 115–123 South Street, a project that will create low- and moderate-income housing units targeted at up to 80% of area median income.
The resolution was presented during the IURA’s economic development committee update. Preeti, speaking for staff, described the request as “a resolution…
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