Housing for the Workforce, Seniors and the Disabled

Application For Housing For The Town's Workforce, Disabled Or Seniors
Download - Application

PROGRAMS THAT ENCOURAGE THE PRODUCTION OF COMMUNITY HOUSING FOR SALE:

A. AFFORDABLE EASEMENTS
OVERVIEW
The creation of community housing for sale to eligible individuals in conjunction with a public/private partnership where the private partner agrees to comply with the profit guidelines of the New York State Affordable Housing Corporation and the provisions of CHF.

  • The developer must have a strong record of developing single or multi-family homeownership
  • Award amounts will be based on scope and need for each project. Per home subsidies will increase with deeper affordability:
    • Target affordability up to 130% of AMI
    • Target affordability up to 80% of AMI
  • Developer must provide a construction loan commitment from a financial institution acceptable to CHF.
  • Developer must agree to the placement of a permanent affordable easement on the property providing restrictions on the sales price and income limitations on the buyer.
  • Building Types:
    • Standalone homes in existing neighborhoods
    • Attached or detached style developments
    • Multi-family structures, including new construction, adaptive reuse or conversions
    • Projects must include at least four (4) homeownership units
    • Ownership types can be condominium, cooperative, fee simple and other models as approved by the CHF