Excelsior United Development Companies Limited (EUDC.mu) 2015 Abridged Report

first_imgExcelsior United Development Companies Limited (EUDC.mu) listed on the Stock Exchange of Mauritius under the Retail sector has released it’s 2015 abridged results.For more information about Excelsior United Development Companies Limited (EUDC.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Excelsior United Development Companies Limited (EUDC.mu) company page on AfricanFinancials.Document: Excelsior United Development Companies Limited (EUDC.mu)  2015 abridged results.Company ProfileExcelsior United Development Companies Limited engages in the production, distribution and sale of alcoholic products such as rum, alcohol and vinegar products, in Mauritius and the Reunion island. The company operates through five segments which are, investments, property rental, beverages, commerce, and tourism segments. The Investments segment includes investments held in shares, the beverages segment is engaged in the production, import and sale of alcoholic products, the commerce segment is engaged in the import and distribution of tires, automotive lubricants and fire protection equipment and the Tourism segment is engaged in operating a hotel and provides travel and tourism services. Excelsior United Development Companies Limited operates through its subsidiaries Medine Distillery Company Limited, International Distillers (Mauritius) Limited, New Goodwill Company Limited, Concorde Tourist Guide Agency Limited, Southern Investments Limited and Compagnie Mauricienne de Commerce Limitee. Excelsior United Development Companies Limited is listed on the Stock Exchange of Mauritius.last_img read more

Warren Buffett’s strategy has changed. Could it help you get rich in this market crash?

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: The Motley Fool Simply click below to discover how you can take advantage of this. Anna Sokolidou | Thursday, 16th April, 2020 Warren Buffett’s strategy has changed. Could it help you get rich in this market crash? “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Warren Buffett has been hailed as an investing role-model for decades. But his investment strategy hasn’t stayed the same over time. Let me explain how his strategy has evolved over the years.Intelligent investorWarren Buffett started out as Benjamin Graham’s most capable student and business partner. Graham, the father of value investing, loved hunting for bargains. Apart from the low price-to-earnings, low price-to-book, and increasing profitability and dividends, Graham used the net current value formula to find bargain companies. This means finding companies with market capitalisation significantly below the value of their net current assets.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As can be seen, Graham’s approach towards investing was highly quantitative. He paid plenty of attention to accounting fundamentals, but did not consider his potential targets’ growth potential. For example, qualitative analysis of an enterprise would include assessing the opportunities and threats the industry and the company are facing. It would also include assessing the firm’s popularity among consumers as well as its key competitors.   At first, Buffett identified potential bargains using Graham’s accounting approach. However, his method of finding firms to invest in changed. Strategy changeBuffett formed his own firm and then met Charlie Munger, who became his second-in-command at Berkshire Hathaway. Munger and Buffett’s current method of choosing companies could be best summarised as “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” This simply means that Buffett still attempts to find companies selling below their intrinsic or fair value. Yet, he would rather a great company than a mediocre one, a distinction that involves some qualitative analysis.This can be illustrated by his purchase of Amazon shares last year. Amazon, a company that has never paid dividends, trades at a price-to-earnings ratio of over 80, which is really high. Yet, Buffett still bought it for its great growth potential.He still pays very close attention to current accounting fundamentals but also tries to predict the future earnings of an enterprise he is about to acquire.Needless to say, his favourite holding period is forever. Warren Buffett and Phillip FisherBuffett’s investment strategy change was not only due to his business partner Munger. The Oracle of Omaha is also an admirer of Philip Fisher, who advised investors to find answers to the following qualitative questions:Does the company have a diversified product range and sufficient market growth potential?Is the company’s management willing to develop new products if the demand for old products falls?How about the firm’s competitors? Are they more financially sound? Do they produce more popular products?Does the industry itself have a future?How effectively does the company invest in research and development?Does the company enjoy high repeat sales and satisfied customers?How about the corporate culture and employee satisfaction?Can the company survive on its own without relying on one brilliant manager? Does the company’s management aim to achieve short-term or long-term profits?Does the management have a perfect reputation?Is the management fully open with its shareholders? Does the CEO try to oversell the company’s success during hard times? What next?Choosing individual shares can be a tough task but following in Buffett’s lead is a good way to start. Now could be golden days for an individual investor to buy excellent companies at a discount. Views expressed in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address See all posts by Anna Sokolidoulast_img read more

CareerSource Central Florida offers more access to jobs and innovative talent…

first_img Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply The Anatomy of Fear Support conservation and fish with NEW Florida specialty license plate Please enter your name here TAGSBusinessesCareer SeekersCareerSource Central FloridaEmploymentInternshipsJobsSkill Training Previous articleOrange County telehealth tips and resources for COVID-19Next articleRebound strategy could begin by asking Floridians to take an in-state vacation Denise Connell RELATED ARTICLESMORE FROM AUTHORcenter_img Job application form isolated on white background Please enter your comment! You have entered an incorrect email address! Please enter your email address here From CareerSource Central FloridaWith COVID-19 pandemic still impacting global and local communities, CareerSource Central Florida (CSCF) is helping career seekers and businesses even more, including a $1M investment earmarked for temporary, paid internships for displaced workers, businesses and select non-profit organizations. CSCF is providing current job listings, virtual job fairs, applicant screening and candidate referrals and has also launched new virtual workshops and an e-learning program to provide additional options for career seekers throughout Lake, Orange, Osceola, Seminole, and Sumter counties during this time.“Since mid-March, CSCF has seen an increase of more than 25,000 people accessing our system, with more than 60 percent of them engaging in some type of job search activity with us. The support we provide to our region’s businesses has also increased and, in the past two weeks alone, we have seen a 50% increase in services, with nearly 200 new businesses interacting with us,” said CSCF Chief Operations Officer Mimi Coenen. “We know that not only the demand is high for our customized services, but the future of our regiondepends on us now more than ever, and we are committed to stepping up to help during these most unprecedented times.”For BusinessesRecruiting support by listing open positions, virtual job fairs, applicant screening and more,CSCF is proactively building relationships and has provided assistance to nearly 200 employers in the past week alone for their hiring needs. The hiring businesses mainly comprised of Trade and Logistics, IT, Healthcare, Manufacturing, Construction and Finance sectors.Among the companies with mass hiring efforts, Faneiul alone is looking to hire 250 career seekers as Customer Service Representatives to support the Department of Economic Opportunity with unemployment calls. To see and learn how to post job openings,click here.For Career SeekersSkill UP E-Learning ProgramAs a complementary service to career seekers, CSCF has partnered with Metrix Learning to give them access to a library of over 5,000 online e-learning programs. The state’s stay-at-home order is the perfect time career seekers to ‘skill-up’ on existing skills or learn new ones for future opportunities. Explore here.Businesses and Career SeekersPaid InternshipsFor career seekers, a paid internship serves as temporary work as they wait to land their desired career or return from a furlough. For businesses, CSCF helps staff their business at no cost to them. CSCF has fostered the hiring of laid off hospitality employees who had been among the most impacted. There are now more than 100 dislocated workers serving 4Roots Foundation, United Against Poverty and Center for Independent Living in Osceola County, respectively. Employers and workers interested in internship can call 1-800-757-4598 or send email to [email protected] For more information, click here.Virtual WorkshopsCSCF has launched a series of virtual workshops tailored to both career seekers and employers. The virtual workshops will provide the same engaging and interactive experiences as its one-on-one appointments without leaving home. Register Now and Get More Information!Extended HelpThe Department of Economic Opportunity is the state agency that processes Reemployment Assistance. Although CSCF is a separate entity from DEO, and CSCF does not have oversight of the reemployment benefits program, CSCF have agreed to support DEO recently through the distribution of paper applications at all its Career Center locations and downtown Orlando office.Career seekers and businesses can reach CSCF for one-on-one consultations about talent needs and training assistance through contacting 1-800-757-4598 and or by completing a consultation request online via www.careersourcecentralflorida.com. Save my name, email, and website in this browser for the next time I comment.last_img read more

Support Jamil Al-Amin

first_imgPreparations are underway for an evening of “Love and Resistance for Imam Jamil Al-Amin,” on Sept. 12 in New York City. Al-Amin, formerly known as H. Rap Brown, is suffering from serious illnesses and is currently being held at the Butner Federal Medical Center in North Carolina.This world-renowned political prisoner has been imprisoned for 12 years after being falsely convicted of shooting two Georgia deputies in 2002. He had been held in solitary confinement in a U.S. penitentiary in Florence, Colo., but mass pressure resulted in his transfer to the medical facility for treatment of his dire health problems.Now, Al-Amin’s supporters are waging a campaign to make sure he is not returned to solitary confinement and to call for his release.The Free Mumia Abu-Jamal Coalition (NYC); the Uncompromising International Concerned Family and Friends of Mumia Abu-Jamal; the MOVE Organization and the Imam Jamil Action Network are sponsoring the upcoming event at Manhattan’s Martin Luther King Jr. Center (Local 1199 SEIU), at 310 W. 43rd St., beginning at 6 p.m. Admission is free.Speakers will include Dhoruba Bin-Wahad, former Black Panther and New York Panther 21 leader and former political prisoner; Karima Al-Amin, attorney and spouse of Imam Jamil Al-Amin; and Imam Al Hajj Talib Abdur-Rashid, president of the Islamic Leadership Council of Metropolitan New York. Pam Africa, chairperson of the ICFFMAJ is also on the program.For further information, call 212-330-8029 or check freemumia.com.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Buffalo activists demand Green Light implementation

first_imgMembers of the Buffalo branch of Workers World Party and local activists demonstrated outside the Erie County Hall June 21 to protest County Clerk Michael “Mickey” Kearns’ announcement that he would not comply with the recently passed New York State “Green Light” law. Green Light, effective Dec. 14, grants undocumented immigrants the right to obtain a New York state identification card, shielding them from Immigration and Customs Enforcement detainment. Josh Bunting, a local activist who has been campaigning to get the Green Light law passed, pointed out that Kearns is backing up his noncompliance with bogus claims of unconstitutionality. The demonstration’s overarching message was that the treatment of undocumented people in the U.S. amounts to genocide and that Kearns’ position makes him an agent of genocide. Calls were made for his dismissal or resignation.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Corn Prices Down and Corn Syrup Rise

first_img SHARE Facebook Twitter SHARE By Hoosier Ag Today – Aug 21, 2016 Home Indiana Agriculture News Corn Prices Down and Corn Syrup Rise Facebook Twitter The four major U.S. corn syrup makers are raising prices at a time of slowing demand. Corn sweetener manufacturers, like Archer Daniels Midland and Cargill, sent letters to customers earlier this month seeking to lock in prices for 2017. High-fructose corn syrup, or HFCS, is trading at the highest in U.S. Department of Agriculture records dating back to 1994, even as U.S. consumption of carbonated soft drinks, which accounts for two-thirds or more of HFCS usage, sank to a three-decade low. The corn syrup manufacturers, which make up the Corn Refiners Association, are seeking to raise prices by a minimum of $1.50 to $2.50 per hundredweight, down from increases of $3.50 to $4.50 last year. The companies, according to the letters, were seeking to wrap up contracts extending into 2017 by the end of August.Higher prices have prompted some food makers to consider shifting to sugar, especially beet sugar, which is generally cheaper than cane sugar. Food manufacturers are also facing growing consumer demand for so-called clean label products that are free of ingredients such as HFCS, according to industry analysts.Source: NAFB News Service Corn Prices Down and Corn Syrup Rise Previous articlePutting High Speed Broadband on the Fast Track for Rural AmericaNext articleFeed Manufacturers Prepare for New Regulations Hoosier Ag Todaylast_img read more

Indiana Pork Helps “Drop the Puck on Hunger”

first_img The Indianapolis Hockey Team the Indy Fuel joined Indiana Pork to present the brand-new “Garbage Burger” at their recently concluded hockey season. The partnership helped “Drop the Puck on Hunger,” and provided a donation to benefit Feeding Indiana’s Hungry (FIsH).The Garbage Burger, a ground pork burger topped with pulled BBQ pork, was sold throughout Indiana Farmers Coliseum during the Indy Fuel home games in the 2016-17 season. For every Garbage Burger sold, Indiana Pork donated one meal to Feeding Indiana’s Hungry.“We were excited to showcase the Garbage Burger at the Indy Fuel games,” said Jeanette Merritt, Director of Checkoff Programs for Indiana Pork. “The Garbage Burger is a popular item on our Indiana State Fair menu and we are thrilled that Indy Fuel fans helped us feed 800 families! Indiana hog farmers are very generous with donations to their local food pantries. Our farmers are happy to help those in need whenever they can.”“We appreciate Indiana Pork Producers, the Indy Fuel, and fans of both for providing nutritious pork meals to clients of Indiana’s food banks,” said Emily Weikert Bryant, Executive Director of Feeding Indiana’s Hungry.The ground pork will be distributed to central Indiana residents through Gleaners Food Bank. Home Indiana Agriculture News Indiana Pork Helps “Drop the Puck on Hunger” Indiana Pork Helps “Drop the Puck on Hunger” By Gary Truitt – May 24, 2017 Facebook Twitter SHARE Facebook Twitter Previous articleU.S. Ethanol Production DownNext articleHelping Planted Crops Recover Gary Truitt SHARElast_img read more

TDS/TCS Rates Reduction; Deadline Extensions; Faster Refunds : Tax Measures Announced By FM As COVID-19 Relief

first_imgTop StoriesTDS/TCS Rates Reduction; Deadline Extensions; Faster Refunds : Tax Measures Announced By FM As COVID-19 Relief LIVELAW NEWS NETWORK13 May 2020 5:30 AMShare This – xThe Union Finance Minister Nirmala Sitharaman announced a slew of tax measures as part of the COVID-19 related economic stimulus package.In order to provide more funds at the disposal of the taxpayers, the rates of Tax Deduction at Source ( TDS ) for non-salaried specified payments made to residents and rates of Tax Collection at Source (TCS) for the specified receipts shall be reduced by 25%…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Union Finance Minister Nirmala Sitharaman announced a slew of tax measures as part of the COVID-19 related economic stimulus package.In order to provide more funds at the disposal of the taxpayers, the rates of Tax Deduction at Source ( TDS ) for non-salaried specified payments made to residents and rates of Tax Collection at Source (TCS) for the specified receipts shall be reduced by 25% of the existing rates. Payment for the contract, professional fees, interest, rent, dividend, commission, brokerage, etc. shall be eligible for this reduced rate of TDS. This reduction shall be applicable for the remaining part of the FY 2020-21 i.e. from tomorrow to 31st March, 2021. “It will help to Rs 50,000 crores liquidity through TDS/TCS rate reduction”, said the Finance Minister.Entire “Vivad se Vishwas” scheme has been extended till December 31, 2020. No extra payment for this extension will be required.Tax assessments getting barred on September 30, 2020 are extended till December 30, 2020.Due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020.All pending refunds to charitable institutions and non-corporate businesses and professions including proprietorship, partnership, LLPs and Co-operatives will be issued immediately.Also Read : COVID-19 Treated As ‘Force Majeure’ For Real Estate Projects; Contracts Of Central Agencies Extended By 6 Months : Finance MinisterPF Contribution For Employers & Employees Reduced From 12% To 10%; MSME Definition Changed : Finance Ministry Announcements  TDS/TCS benefits announced by the Finance Minister.#NirmalaSitharaman #AatmaNirbharBharatAbhiyan #[email protected] @nsitharamanoffc pic.twitter.com/1We6fs1tWp— Live Law (@LiveLawIndia) May 13, 2020  Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Right Of Citizens To Live In Safe Buildings A Facet Of Right Guaranteed By Article 21; Bombay HC Takes Suo Motu Cognizance OF Bhiwandi Building Collapse [Read Order]

first_imgNews UpdatesRight Of Citizens To Live In Safe Buildings A Facet Of Right Guaranteed By Article 21; Bombay HC Takes Suo Motu Cognizance OF Bhiwandi Building Collapse [Read Order] Nitish Kashyap24 Sep 2020 11:00 PMShare This – xTaking suo motu cognizance of the building collapse that took place in Thane’s Bhiwandi area where the death toll has risen to 41, the Bombay High Court expressed pain and sadness at the loss of lives. Court issued notice to the State and Municipal Corporation of Greater Mumbai.Division bench of Chief Justice Dipankar Datta and Justice GS Kulkarni appointed Senior Advocate Sharan Jagtiani…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginTaking suo motu cognizance of the building collapse that took place in Thane’s Bhiwandi area where the death toll has risen to 41, the Bombay High Court expressed pain and sadness at the loss of lives. Court issued notice to the State and Municipal Corporation of Greater Mumbai.Division bench of Chief Justice Dipankar Datta and Justice GS Kulkarni appointed Senior Advocate Sharan Jagtiani along with Advocate Rohan Surve to assist the Court in the matter.The said building known as ‘Jilani Building’ at Bhiwandi collapsed at about 3 am on September 21, 2020. Court noted that as per reports this building was not included in the list of dangerous structures so notified by the Bhiwandi Nizampur Municipal Corporation. Moreover, in the past three years, several notices were issued in respect of this building by the Municipal Corporation and the land owner/developer of the building, Sayyed Ahmed Jilani was called upon to get the building vacated due to its dilapidated condition. Last such notice is reported to have been issued in February 2020. The bench observed-“If this is true, it is unfortunate that no action was taken by the Municipal Authorities to get the building vacated. It is also reported that this building was constructed sometime in the year 1984 before the Municipal Corporation was formed and later on, two illegal floors came to be constructed. However, no action was taken by any of the Municipal Authorities and its officers.”Noting that such incidents of building collapse happen every year especially during monsoons, Court said-“This incident is not a solitary incident. Earlier to this, in the month of August, a three storey building known as “Tariq Garden” in the Mahad Town (Raigad District) had collapsed in which 16 persons were reported to have died including two senior citizens. Such incidents of building collapse are happening frequently, almost every year and more particularly during the monsoon months. As per the report dated 24 September 2020 of the Economic Times, there were 1472 incidents of building collapse in Mumbai city and suburbs during 2015-2019 in which 106 people lost their lives while another 344 were injured. One of the major incidents of the building collapse was of the Siddhi Sai building in suburban Ghatkopar in July 2017 in which it is reported that 17 residents were killed. We are immensely concerned at this sad state of affairs.”Some of the immediate questions the bench asked are:(I) As to whether the municipal bodies are completely helpless to prevent such collapses and prevent loss of lives? (II) Is there not any machinery available with such municipal bodies to prevent such occurrences? (III) Apart from old buildings, are newly constructed buildings (say, thirty/forty years old) too collapsing?(IV) Is there any procedure to identify such buildings which are likely to collapse? (V) Is there a mechanism in place for structural audit of the buildings? (VI) Isn’t there a need for a uniform mechanism in this regard applicable to these Municipal Corporations? (VII) Is there a mechanism to fix accountability on the concerned persons, for not taking any action against illegal construction? (VIII) Has any survey been conducted regarding unauthorised structures/buildings in each of the Municipal Corporation areas and what steps are contemplated to raze the same? (IX) Whether or not, there is a need for setting up a public grievance cell where citizens can take their complaints ? Finally, issuing notice to MCGM and other Municipal Corporations in the city, Court noted-“We are of the prima facie opinion that the right of the citizens to live in safe buildings and environment would be a facet of the right guaranteed by Article 21 of the Constitution of India and it would be the duty of the civic bodies to bring about a situation that all buildings within their respective municipal jurisdictions are legal, sustainable and safe. Also, in our prima facie opinion, it would be an absolute obligation of the Municipal Corporations and its officers and more particularly the Ward officers within whose jurisdiction such buildings are located and who are presumed to have complete knowledge of the conditions of the building, to take timely steps. If at the grass-root level such officers were to take effective and timely actions, such fateful incidents which have presumably occurred due to inaction and gross negligence, could have been prevented.”The next date of hearing in the matter is October 15.Click Here To Download Order[Read Order] Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Habitat for Humanity tries something new in Dryden

first_img“This Slaterville Road build is honestly our biggest construction project yet,” MacCarrick said. “We’ve never tackled three homes at once. It may sound small to a developer or large construction company, but, for an organization with just a few staff people, that largely builds with volunteers, it’s a pretty big deal. We’re proud to be growing, and I think this project shows that we’re trying to expand our reach with rehab, and meet the demand for affordable housing in and near Ithaca.” When complete, the farmhouse will be an owner-occupied four-bedroom home for a lower-income family. Habitat homes are typically sold to families making under 60% of Area Median Income (AMI), or about $36,000/year. The homes are built with a combination of professional contractors and volunteer labor, including 350 hours of “sweat equity,” where the selected future homeowners actively work as members of the volunteer construction crew, as well as taking a homebuyer education course, financial training, and completing other tasks to help them become knowledgeable, self-sufficient homeowners. Now, as anyone who’s owned or restored an old home knows, bringing an old house up to date and up to code is no easy endeavor. There’s always a laundry list of tasks — the house may contain hazardous materials like asbestos, there may be old utility fittings that prove a challenge to take out or don’t seem to make sense where they are, and little issues may spiral out into bigger repairs. But for TCHFH, the “labor of love” volunteer component is a major benefit here; not just to keep labor costs down, but it also gives those who care about old houses a chance to deliver the love and attention they think those venerable old homesteads deserve. MacCarrick said she is looking forward to the day these homes welcome their new owners. Image courtesy of Tompkins-Cortland Habitat for Humanity. “It’s exciting for us to salvage, if you will, a home that needs a lot of attention and care but otherwise has ‘good bones’ and the potential to be a really lovely, cozy, decent sized house for a family. I think it’s a refreshing change of pace for some of our veteran volunteers to tackle something new. New construction, in some ways, is fairly easy. Rehab work presents a whole new set of challenges and requires some different skills. There’s never a dull moment!  It also creates a nice volunteer opportunity for community members who might own an older home and want to tackle some renovations or repairs. They can get their feet wet volunteering with us, and learning some tricks of the trade, and then apply those skills when working on their own house.,” said MacCarrick. “Admittedly, we were caught off guard by the initial rejection. Looking back on it, though, it was a blessing in disguise. It allowed us to take a closer look at our plans for utilizing the site and we came up with a site plan that we feel works a lot better than our first proposal. It did set us back on our spring construction plans, and we had to come up with some creative alternatives on short notice, which was stressful. That said, we’re used to some bumps in the road. And, I think the ZBA was doing their job and also holding us to a high standard, which I can appreciate,” said MacCarrick. Tagged: 1932 slaterville road, affordable housing, habitat for humanity, Shannon MacCarrick, town of Dryden “We’ve completed an initial call for applications and have whittled down that pool to a few qualified families. We’re currently in the process of doing home visits and interviews with those applicants … (o)ur goal is to select homebuyers as early in the build process as possible. This gives them more time to save for closing costs, complete their Sweat Equity hours, get to know our volunteers, etc. We hope to approve a couple, if not three, qualified families later this month.  We will potentially have another open application period this summer. Our next application period would be to identify the third homebuyer for this project, if need be, and to also identify some alternate candidates, in the event that someone changes their mind or identifies another housing solution and no longer needs our program,” MacCarrick said. DRYDEN, N.Y. — It’s been a mixed bag for the Tompkins-Cortland Habitat for Humanity. The non-profit completed its first project in the City of Ithaca last fall with a duplex on the 200 Block of Third Street, but plans for a row of four townhomes fell through due to rising costs and legal red tape. Now, there might be a few eye rolls at this piece. It’s a thousand words about three single-family houses. But these are homes that, even if a drop in the bucket in the area’s affordable housing deficit, will mean the world to the families that will own them and call them home. In a market starved for affordable housing and especially owner-occupied affordable housing, every little bit helps. The other two homes will be new three-bedroom units of about 1,100 square feet each. Given the “labor of love” aspect and donated materials from local building suppliers, they will still cost about $70,000-$75,000 each, on top of the farmhouse renovation. Habitat raises funds and applied for grants to help cover these expenses – for example, this project will receive $40,000 from the joint city/county/Cornell Community Housing Development Fund (CHDF). The plan is to have one and perhaps two homes complete by spring 2020, and the third home finished by summer or fall 2020. “We spent much of 2018 looking for an ideal place to build and struggled to find an affordable space in a desirable location,” said Shannon MacCarrick, Executive Director for TCHFH. “There’s demand for affordable housing in and close to the City of Ithaca, but it’s tough to find vacant property.  Even houses that need thorough rehabilitation get scooped up pretty quickly. 1932 Slaterville was enticing for us because it’s fairly close to downtown, within ICSD, and the lot is large enough to accommodate multiple homes. Thus, we were getting more bang for our buck because it was like purchasing three lots, instead of just one.” Deconstruction (stripping the interior and exterior siding) is currently underway, which will be followed by gutting the basement. The house will be lifted on its foundation to help make the farmhouse level, and then the team will begin refitting the interior. Already, the project has thrown the organization some curveballs, though the first big one was from the bureaucratic side. Though the Planning Board supported the proposal, the Town of Dryden’s Zoning Board of Appeals rejected the initial subdivision request back in January. The variance was needed for a flag lot because with the land acquisition and renovation costs, the project only penned out financially when subdivided into three lots. A couple of months later, TCHFH decided to give it one more try with three conventional rectangular lots, two of which were deficient on road frontage (local law requires 150 feet; the lots on Slaterville Road are 151 feet, 106 feet and 100 feet). That plan was approved in early April. Now TCHFH is pursuing another project, this one in more familiar territory at 1932 Slaterville Road in Dryden. However, it comes with one big twist. Instead of building new, the project seeks to rehab a worn-out 1860s farmhouse, the first “gut” renovation TCHFH has ever performed. The roughly three-acre lot the old house sits on will be subdivided into three approximately one-acre lots, one for the original house, and the other two will each host a more typical TCHFH single-family ranch home. MacCarrick said the homebuyer selection process is well underway. Brian Crandall Brian Crandall reports on housing and development for the Ithaca Voice. He can be reached at [email protected] More by Brian Crandalllast_img read more