Friday, October 5, 2012

State funds 47 home improvement plans - The Business Journal of Milwaukee:

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The AHC, a branch under the state’s housinh finance agency, aims to bolsterf home-ownership for low- and moderate-incomer households. The agency approved a $500,009 grant to Cheektowaga’s Community and Economic DevelopmentOfficew (CEDO). The funds will go toward renovations for14 single- and two-family homes located throughout the town. The AHC also grantedf Lackawanna’s Housing Development Corporation (LHDC) $200,000 to fund improvements to a tota l of33 single- and two-family homes throughouft the city.
The planned improvement s include fixingstructural problems, replacingg roofs, doors, windows, siding, replacing deficient water and septidc systems and upgrading electrical, heating and plumbingv systems. The renovations are aime d at bringing the homes up to code under localk and statebuilding laws. Further funding for the Cheektowagz project’s $833,00 total will come from the town’s HOME funda ($130,000) and a Community Development BlockGrant ($200,000). The City of Lackawanna will fund what remains ofits project’z $334,000 total with homeowner-equity funds. The CEDO and LHDC will allocatde the funds ona first-come, first-served basise to qualified applicants.
“These grants will help improvee the aging housing stockk in westernNew York,” said AHC Presidentg and CEO Pricilla

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