The Crawford building is a six-story, 33-unit senior residence located in Middletown, New York. CPC recently provided a permanent loan of $1.7 million through the CPC Direct program to help the borrower, Crawford Manor House, LLC, refinance their existing debt.
Senior citizens are one of the fastest growing populations in the state, but many face the challenge of living on a fixed income while keeping pace with the rising costs of rent and other necessities. In 2006 CPC provided Crawford Manor House, LLC, with their original construction loan to transform the property from a furniture store and warehouse into an affordable senior residence where all of the units are available for rent at or below 60 percent of the area median income.
Together with our partners we are investing in projects like the Crawford building that bring a resource of affordable senior housing to the community, allowing their residents to age in place with dignity and enjoy their golden years.