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County Approves CHDF Fund Disbursement for Affordable Home at 610 West Court Street
Summary
The legislature authorized dispersal of Community Housing Development Fund (CHDF) monies to a for-sale affordable housing project (award ID 14055) sourced from IDA pilot payments; county planning staff described program rules and oversight.
The legislature approved disbursing Community Housing Development Fund (CHDF) money to an approved for-sale housing project at 610 West Court Street (award ID 14055). David West of the county planning department explained that the CHDF is populated in part by payments from downtown pilot agreements and that the project had already pulled building permits and been recommended by the program oversight committee.
West summarized program rules, per-unit and per-project caps, and how the county, city and Cornell collaborate on application review and oversight. Legislators asked for program-level accounting showing total funds available and historic disbursement trends; staff said the county currently has over $2,000,000 ready to disperse from recent collections and that the oversight committee prioritized a mix of for-sale and rental projects based on available leverage and program goals.
