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AN € 6
To: Village of Gowanda Board of Trustees
From: Ann Battaglia, CEO, Healthy Community Alliance, Inc.
President, Academy Place Housing Development Fund Company
Date: February 24, 2026
Re: Property Tax Exemption Application Summary
This is intended to summarize the Application for Real Property Tax Exemption filed on
February 19, 2026, by Academy Place Housing Development Fund Company, Inc. (the
“HDFC”), as legal title holder of the real property known as 1 School Street, Tax Parcel No.
8.075-1-1. 2/1 (the “Subject Property).
1. The Subject Property. The building containing the Subject Property is the former
school building located at 1 School Street in the Village of Gowanda, Cattaraugus
County, NY. The Subject Property is a separate condominium unit known as Unit A (Tax
Parcel No. 8.075-1-1. 2/1) and consists of 32 senior and low income housing units
commonly known as the “Academy Place Apartments”. The Subject Property is
currently exempt from real property taxation under §577 of the Private Housing Finance
Law pursuant to a Payment in Lieu of Tax Agreement dated September 23, 2008, as
modified as of November 16, 2011, and modified further as of July 14, 2020.
2. The PILOT Agreement. The PILOT Agreement is scheduled to expire, by its terms,
fifteen (15) years from the effective date of the permanent financing for the Project. The
permanent financing for the Project closed as of February 9, 2012, so the PILOT
Agreement and the real property tax exemption afforded to the Subject Property under
§577 of the Private Housing Finance Law pursuant to the PILOT Agreement are
scheduled to expire on February 8, 2027.
3. Status of HDFC. The legal title holder, HDFC, was formed pursuant to Article XI of the
Private Housing Finance Law and Section 402 of the New York Not-for-Profit
Corporation Law. The HDFC is itself exempt from federal income tax pursuant to
Section 501(c)(3) of the Internal Revenue Code.
4. HDFC's Sole Member, Healthy Community Alliance, Inc. Healthy Community
Alliance, Inc. ("HCA") is the HDFC’s sole member. HCA is a New York not-for-profit
corporation that is exempt from federal income tax under section 501(c)(3) of the Internal
Revenue Code.
5. Use of Subject Property, Regulatory Agreements and Restrictive Covenants. The
Subject Property and 100% of the apartment units within the Subject Property are
currently used exclusively for the charitable purpose of providing housing for persons of
low income at below market rates and subject to regulatory agreements and restrictive
covenants.
6. Limited Partnership. In connection with the housing project, the HDFC and Academy
Place Apartments, L.P. (the "Limited Partnership") executed a Declaration of Equity and
Interest Agreement recorded in the Cattaraugus County Clerk's office on October 3,