Two more units are set to be built in WattleGrove, adding to the 25 existing retirement living units.
The village changed hands more than two years ago and is now owned and run by Mountain View Retreat.
Residents were left in shock in June 2014 when village developer Geoff Hart and his company Baragen ceased trading with no notice to residents.
The village was turned over to receivers, who appointed Mountain View Retreat to manage the facility.
Next, Mountain View Retreat purchased the village with the intention of undertaking future building works.
Today, Mountain View Retreat, through re-occurring fees paid by the residents, looks after all landscaping, maintenance and gardening needs.
A number of communal areas, both indoors and outdoors, provide room for group activities; an added benefit of village living.
Residents use VitalCall, a personal alarm device that can be worn as a pendant or bracelet which is equipped with a button to press when assistance is required.
Mountain View Retreat CEO Richard Blair said it has taken some time for his business to get on top of the issues left by the former owners.
Receivers were involved in the village for 18 months after being brought in.
The expansion of the village will provide additional retirement housing options in Cootamundra.
Mr Blair reported that presently two of the existing 25 units are vacant with the intention being to keep one empty as a display unit.
The two units to be built have construction as well as development approval, while a further five to complete the stage have development only approval.
A second stage of 25 units have been development approved with Mr Blair saying Mountain View Retreat may look to offer these as strata, rather than loan lease pending discussions with Cootamundra-Gundagai Regional Council staff.
He said he is pleased the village has reached a stage where expansion is possible, however the focus remains on existing residents.
“Our priority is to ensure residents in the 23 occupied units are happy.”
Construction of the two new units is expected to commence in the very near future and will be overseen by Mr Blair’s son.