CAPCO Granted $80k City Loan Toward Purchase of Former St. Anthony's Youth Center
The Cortland County Community Action Program which runs several social service and youth education programs such as WIC and Head Start is looking to purchase the former St. Anthony's Church Padua Youth Center on Cortland's South End.
CAPCO has submitted a purchase offer on the property located on Denti Way and is now in the process of lining up financing to purchase the the over 2 acre property.
According to CAPCO Executive Director Lindy Glennon, CAPCO currently rents space in the building for two Head Start classrooms. The agency has 19 separate HEAD Start locations across Cortland County, with purchase some of those sites would be consolidated into this facility along with related support services.
Glennon says at this point no decision have been made on which sites will be consolidated into this facility.
As part of this project the Cortland City Council and the City's Loan Committee has approved CAPCO for an $80 thousand dollar no interest loan from the city's community development revolving loan fund. The money is part of a larger financing package, CAPCO is also working with a private lender to secure the rest of the money.
The property is currently assessed for over $350 thousand dollars and is owned by Ohio based Churches of Christ in Christian Union, it was purchased from St. Anthony's Church in Cortland back in 2010. CAPCO's offer on the property has been accepted, but the sale has not closed.
In addition to HEAD start and WIC, CAPCO also provides home energy services which help income qualified individuals make energy efficiency improvements to their homes, they offer family development services, and the Consumer Directed Personal Assistance Program which allows people with disabilities is to receive personal assistance and keep them in their home.