Crosswinds is coming to the end of its 15-year period of compliance for the tax credits used to finance the construction of the development. The rents will no longer be subject to the restrictions that made them affordable, and the complex can now be sold.
Columbia County Housing Resources, which played a role in getting the complex built back in 2007 to 2010, has the right of first refusal if the development is sold. But Columbia County Housing Resources no longer exists. In 2014, Columbia County Housing Resources was taken over by the Galvan Foundation, in an action that started as a "collaboration" to bail out the fiscally struggling agency but ended up with the agency being renamed Galvan Housing Resources.
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I read Roger's article and experienced an immediate partial sense of deja vu. It makes for interesting background reading, enlightening about at least two of the parties involved in the current ado. American Baptist Churches v. Galloway (271 AD2d 92, 710 NYS2d 12 (2000)).
ReplyDeleteMeanwhile, Galvan still doesn't seem to be concerned about or want anyone to live in their two eyesore houses at 618 State, the one facing the street now with a lovely chain link fence keeping the homeless away. And what about their eyesore vacant property surrounded by concrete barriers and fences next door at 7h & State in the shadow of their zillion dollar apartment building? What about the long vacant eyesore of theirs at 336 State and why isn't our code enforcement office enforcing their own vacant building rule? They both really care about housing Hudson residents and improving the look of Hudson, don't they?
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