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Posted: August 20, 2010
CPC continues to fund special needs housing
CPC's Albany office continues its mission to fund special needs housing throughout New York State with a $1 million permanent loan under CPC's Special Needs Housing Program. This loan will enable the borrower, Association for Children with Down Syndrome, Inc. (ACDS), a not-for-profit organization founded in 1966, to refinance a two-story group home for six individuals with developmental disabilities in Merrick. Operational support for this home is provided by The New York State Office of Mental Retardation and Developmental Disabilities (OMRDD).
CPC's financing is for 15 years with a fixed rate term and is SONYMA insured.
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