AFFORDABLE HOUSING

It's not an oxymoron at CIDC

Asset Control Area Housing Rehabilitation

 

This unique program in Reading, Pennsylvania purchased and rehabilitated deteriorated housing stock and resold it to inner city residents of low and moderate income. The program received a “Best Practices” award from the U. S. Department of Housing and Urban Development in 2000.

 

Lakeside at Montgomery

 

This lease/purchase project enabled tenants to accumulate funds for down payments on the properties they leased for terms up to three years.

Assisted Living Facilities

 

CIDC financed the construction of two multi-million dollar projects – Pavilion on James in Syracuse, New York and Integrated Care Community in Moreno Valley, California.

 

RPI Dormitory Project

 

CIDC’s subsidiary, RC Housing I, LLC, is the developer that converted a Best Western Hotel into a dormitory for Rensselaer Polytechnic Institute in Troy, New York (The Blitman Residential Facility).