The Fulton County Community Heritage Corporation completed new senior apartments in Northville, NY, with help from the Community Loan Fund of the Capital Region.
The Community Loan Fund provided a $500,000 line of credit for construction of a new apartment facility, Sacandaga Senior Apartments. The facility includes eight one-bedroom apartments.
This marks the first time we have had the opportunity to work with this developer, whose mission closely aligns with our own.
FCCHC is a rural preservation company, funded under the Rural Preservation Program and administered by the NYS Division of Housing and Community Renewal (DHCR). The Rural Preservation Program (RPP) provides administrative funding which allows FCCHC to undertake a variety of housing related activities and programs. The support of RPP has allowed FCCHC the ability to identify local housing needs, provide technical assistance to local municipalities, prepare applications for funding to a variety of sources for programs of housing rehabilitation, home ownership and housing development and to administer programs from which funding was received.
The housing rehabilitation and repair assistance programs are the main focus of the FCCHC and are an effort to remove substandard housing conditions for lower income families, stabilize residential tax base, preserve existing homes and improve appearance of the local municipalities.