Town of Cortlandville Grant Agreement 2026-05-01
HTFC designated for CDBG grant recapture role
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Description
The Town of Cortlandville’s CDBG grant agreement designates the Housing Trust Fund Corporation as the entity to which recaptured grant assistance will be returned in the event of borrower default. HTFC is indemnified for services funded in whole or in part with New York State CDBG funds over a five-year affordability period.
Contract Details
Vendor
HOUSING TRUST FUND CORPORATION
Agency
Cortlandville Fire District, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 1, 2026
Contract Term
Five (5) year regulatory / affordability period from project completion
Renewal Info
Five-year affordability/regulatory period after project completion; repayment obligations and recapture to HTFC apply if triggering events occur within 60 months. No explicit renewal options are described.
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