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New Hope CDC adopts FY 2025–26 budget; approves small rental subsidy for Cottonwood Meadows
Summary
New Hope Community Development Corporation approved its FY 2025–26 corporate and real-estate budgets and authorized a rental subsidy for a small number of Cottonwood Meadows households while pursuing roof and infrastructure funding for the property.
The New Hope Community Development Corporation (CDC), the nonprofit development affiliate linked to Yolo County Housing, adopted its fiscal year 2025–26 corporate and real-estate budgets at its May 21 meeting and approved continuation of a small rental-subsidy program for Cottonwood Meadows.
Ian Evans, president and CEO of New Hope CDC, described corporate reserves (principally developer or management fees and share of positive cash flow) and the real-estate replacement reserves used for maintenance and system replacement at Cottonwood Meadows, Pine Tree Gardens Homes and Davis properties. He said New Hope will continue to…
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