FHLBNY awards $40,000 affordable housing grant

The Federal Home Loan Bank of New York has awarded a $40,000 affordable housing grant to the Chautauqua Home Rehabilitation and Improvement Corp. (CHRIC) to help fund the rehabilitation of a condemned building on Main St. into affordable housing. Upon completion, the building will provide two single-family housing units. The grant will be used to help fund the rehabilitation of the building, which is located on a downtown commercial block that the NYS Office of Historic Preservation has designated as eligible for historic district status. "I salute CHRIC for taking on this major undertaking and preserving the integrity of an important historic block in Sherman," said congressman Brian Higgins (NY-27).  "These funds will help with the interior restoration of the upper floors of a condemned building, putting a Main Street property back into productive use.  Projects like this create quality jobs for local people and historic restoration is a green way to reenergize our