<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0EoQQB_17IAfnk400" alt="https://img.particlenews.com/image.php?url=0EoQQB_17IAfnk400" width="648" height="486" >Property owners Whitney and Garrett Lee were all smiles, their completed rental property freshly renovated and ready for its next family. — TICONDEROGA| On the morning of Thursday, Dec. 11, North Country Rural Development Coalition (NRDC) hosted a celebration a long time in the making. The ribbon was cut on the first completed Vacant Rental Program (VRP) unit, and the finished product at 8 Calkins Place was the result of collaborative efforts and tenacity by all involved.“When this program was created, it was created for people with small portfolios and who are choosing to go the long-term rental route, acknowledging it is hard and have to save up to do one small project at a time, then the next, and that can take many years. It is nice to knock it out with one fell swoop,” NRDC Executive Director Nicole Justice Green noted.VRP is a grant funded by the State of New York and administered by the Housing Trust Fund Corporation’s (HTFC) Office of Community Renewal (OCR). VRP is designed to support repairs and rehabilitation of vacant rental units and other vacant spaces to increase the supply of critically needed affordable apartments across Essex, Warren, and Washington Counties. VRP aims to help owners of rental properties bring vacant units and spaces in small-scale properties back into productive use to create safe, quality, and affordable long-term rental units.The program is expected to give building owners multiple revenue streams and make for stronger local economies, as well as tackling the massive need across New York State to contribute to affordable workforce housing. The units do not classify as public housing, not HUD, and not Section 8. They are targeted towards working professionals like first-time teachers, mill workers, and small business owners.Those living in Essex, Warren, or Washington County can apply for the program. A standard award is up to $50,000 per unit (80% AMI tenant limit), and an enhanced award offers up to $75,000 per unit (60% AMI tenant limit). No owner match is required, but additional funds may be needed if costs exceed the grant. Applicants must own the building, and properties with five or fewer units (before or after completion) are eligible. The property must not be in foreclosure or bankruptcy, and vacant units must be uninhabitable or unmarketable. “We are grateful to empower private property owners to do good things, and to bless the community with another safe rental,” Green said. “But it takes a family to be willing to deal with the process of applying and choosing to not be a short-term rental or Airbnb- which are important to have in our community- but we still need long-term rentals for people.”Beavins Construction began work on 8 Calkins Place at the end of October, and less than two months later, the two-level unit was ready for showing, a new staircase, floor, energy-efficient elements including heat pumps, and other amenities in place.“We are excited to rent this again and couldn't have done this without the money,” noted Garrett Lee, who owns the property along with his wife, Whitney.Two, possibly three more properties will be revealed within the next few months in Ticonderoga, Green said, and that NRDC will again be applying for funding for VRP, and applications will be open.</div></body>

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Property owners Whitney and Garrett Lee were all smiles, their completed rental property freshly renovated and ready for its next family. — TICONDEROGA| On the morning of Thursday, Dec. 11, North Country Rural Development Coalition (NRDC) hosted a celebration a long time in the making. The ribbon was cut on the first completed Vacant Rental Program (VRP) unit, and the finished product at 8 Calkins Place was the result of collaborative efforts and tenacity by all involved.

First Vacant Rental Program property completed in Ti

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Property owners Whitney and Garrett Lee were all smiles, their completed rental property freshly renovated and ready for its next family. — TICONDEROGA| On

First Vacant Rental Program property completed in Ti

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