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Lake Placid CRA presents 2024–25 annual report; board hears options to spend on housing and infrastructure
Summary
Town staff presented the Community Redevelopment Agency’s 2024–25 annual report, showing no expenditures for affordable housing in that year and summaries of completed projects. Board members pressed staff to define how CRA funds could target affordable‑housing support, septic‑to‑sewer tie‑ins, and façade grants for downtown businesses.
Town staff presented the Town of Lake Placid Community Redevelopment Agency’s 2024–25 annual report and detailed completed projects and planned carryovers for 2025–26.
Eva, who presented the report on behalf of CRA staff, said the report is required by Chapter 163 and will be posted on the town website and advertised by March 31. She summarized district assessed values and the year’s projects, including Stewart Park paver repairs and a Lake Richard sidewalk rehabilitation, and said, “There were no expenditures for affordable housing for low income and middle income residents.”
That statement prompted questions…
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