FCHC Annual Report 2017

FCHC Portfolio Asset Management

In the First Quarter (1Q) of 2017, a Community Development Block Grant (CDBG) was awarded to FCHC, for the purpose of reconstructing/ renovating the weathered foundation and barrier walls throughout the Winter Hill property. The total cost of the project was $41,400, 88% of which was covered by CDBG funds. This work was essential to securing the safety of our residents and their homes. Flooding could have caused environmental damage to our landscape and the fortification our units. By being proactive and conducting this work now, we were able to avoid future damage and as a consequence higher reconstruction costs. We are happy to inform our members that the work was completed in a timely fashion and has extended the lifetime of our Winter Hill property.

FCHC Fiscal Year 2017 Annual Report


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