Dryden was established as the first Associate Member of the Community Housing Development Fund (CHDF) yesterday (February 25), made official by a $50k initial commitment to support a future project in the town.
The CHDF is a partnership between Tompkins County, Cornell University and the city of Ithaca, established in 2009 and so far providing more than $4.6M to help fund 654 units of permanently affordable housing across Tompkins County.
Yesterday’s special announcement was made from a Habitat for Humanity site nearing completion at 1932 Slaterville Road in Dryden.
An existing house is being renovated while two additional homes are being built, with all three intended to sell at below-market prices to families earning 60% or less of the median county income.
In attendance for the celebration was Dryden Town Supervisor Jason Leiffer:
“Affordable housing is one of the key things the Town of Dryden is trying to increase,” Leifer said. “Dryden is growing and we need to have a broad base of affordability and a range of new homes for people to move into. We’re starting out with this $50,000 investment to the fund and we’re hoping to increase that in future years.”
Leifer was joined by officials from Habitat for Humanity of Tompkins and Cortland Counties, including President and Executive Director Shannon MacCarrick, along with Tompkins County legislator Martha Robertson, who also chairs the Fund’s Oversight Committee.
Robertson said she hopes Dryden’s example encourages other firms – both public and private – to join their efforts in creating sustainable, affordable housing for the community.
Tompkins County administers funds through the CHDF on behalf of its funding partners.
Officials say inquiries from potentially interested contributors and affordable housing developers are welcome.