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Habitat for Humanity requests $95,000 subsidy for modular four‑bedroom home; project to remain in floodplain with mitigation plan

2662074 · March 17, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Habitat for Humanity of Tompkins and Cortland counties sought $95,000 to subsidize construction of a permanently affordable four‑bed home at 610 West Court Street, part of a seven‑home pipeline that includes two modular builds; Habitat confirmed floodplain location and described foundation and mitigation steps.

Habitat for Humanity of Tompkins and Cortland counties presented a funding request of $95,000 for one permanently affordable, four‑bedroom, two‑bath home at 610 West Court Street. Shannon McCarrick, executive director, told the IURA the affiliate is pursuing seven projects this year and that the West Court house and one other are modular builds intended to speed construction timelines.

Affordability model and buyers: Habitat explained its pricing model caps sales at roughly 30 percent of buyer household income over a 30‑year mortgage; the affiliate retains land through a community land trust model (buyers purchase improvements and receive a 99‑year renewable lease on land). Habitat said the buyers selected for 610 West Court…

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