SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC
201 FIFTH ST, SCOTIA, NY 12302

---

Organizations Filed Purposes: SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO, INC. WAS ORGANIZED AND INCORPORATED UNDER THE NEW YORK STATE PRIVATE HOUSING FINANCE LAW. IN 1994, THE FUND ACQUIRED A 96 UNIT AFFORDABLE SENIOR HOUSING PROJECT IN SCOTIA, NEW YORK. THE PROJECT RECEIVES (CONTINUED ON SCHEDULE O) (CONTINUED FROM FORM 990, PART III, LINE 1) HOUSING ASSISTANCE (HAP) PAYMENTS (OR RENTAL SUBSIDIES) PURSUENT TO SECTION 8 OF THE U.S. HOUSING ACT OF 1937, AS AMENDED. THE FUND HAS ENTERED INTO A HAP AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CONTRACT, WHICH WILL BE SUBJECT TO RENEGOTIATION IN JUNE 2020, THE FUND RECEIVES HUD FUNDED RENT SUSIDIES TO ACCOMMODATE SENIOR CITIZENS AGE 62 AND OLDER AND/OR THE DISABLED.

SEE FORM 990, PAGE 2, PART III, LINE 1A

THE FUND'S PRIMARY PROGRAM SERVICE IS TO PROVIDE HUD SUBSIDIZED/LOW INCOME HOUSING TO QUALIFIED TENTANTS. IN 2015, THE FUND COMMENCED A MULTI-YEAR REHABILITATION PROJECT UNDER WHICH ALMOST $3 MILLION WILL BE COMMITTED TO THE COMPLETE REHABILITATION OF THE FUND'S HOUSING PROJECT IN SCOTIA. THIS PROJECT WILL INCLUDE THE REHABILITATION OF EACH APARTMENT, THE VARIOUS COMMON AREAS, AND THE REPLACEMENT OF THE BUILDING ELEVATORS. AS OF DECEMBER 31, 2018, APPROXIMATELY $1.4 MILLION UNDER THIS PROJECT HAD BEEN EXPENDED. IT IS PROJECTED THAT APPROXIMATELY $350,000 WILL BE EXPENDED IN EACH OF THE NEXT FOUR YEARS, WITH THE COMPLETION OF THE PROJECT IN LATE 2022.

---

---

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201901059349301290_public.xml