“Syracuse Land Bank once again a top earner of NY attorney general’s office grants”
“The Greater Syracuse Land Bank is once again a top earner of grant funding from the office of the New York state attorney general. The funding is awarded from mortgage settlements the attorney general’s office made with big banks after the housing crisis.
Land banks acquire tax delinquent properties so they can be resold to responsible owners. The Syracuse Land Bank received $5 million in the first two rounds of attorney general funding, more than any other land bank in the state. It tied for the largest award in this third round of grants with $2 million. Land Bank Executive Director Katelyn Wright attributed that to the support from the city of Syracuse.
“They’re giving us a steady stream of properties and a steady stream of funding,” Wright said. “The AG looks at this situation and sees that we have properties that are shovel-ready and we’re ready to accept these grant funds and get projects done very quickly. Our local governments, the city and the county have really stepped up and said we want to pursue this ambitious course of action, we want to go after the size of the problem. The city has foreclosed on about 1,300 abandoned properties so far and conveyed them to us.”
Most of the $2 million will be spent on nearly 60 demolitions. The land bank has a backlog of 230 properties to demolish.”
(By Tom Magnarelli, WRVO, 3/29/17)Read Article
“Greater Syracuse Land Bank gets $2 million to demolish, renovate abandoned homes”
“The land bank is among 19 statewide that received more than $20 million in funding, but it was one of just two that got the full $2 million available. The land bank has now received more than $5 million total from the AG’s grant, called the Land Bank Community Revitalization Initiative.
The bank here will use the money to demolish 56 “blighted” properties in and around the city, as well as to renovate eight other homes, according to a statement from the organization.”
(Patrick Lohmann, syracuse.com, March 27, 2017)Read Article
“Vacant Syracuse houses will be transformed into bright spots using kids’ art”
“The Syracuse Land Bank, which owns 800 vacant properties, will be putting kids’ art in the windows of rundown houses they walk by daily on their way to school.”
(Marnie Eisenstadt, syracuse.com, March 2, 2017)Read Article
“Affordable Homes: Buyers purchase vacant properties and restore them to usable form”
This article tells the story of several families who have purchased Land Bank homes over the past few years – some directly from the Land Bank and others fixed up with grant funds by Home HeadQuarters.
(By Jasmine Gomez, The Stand, January 30, 2017)Read Article
“Nearby home abandoned, not kept up? CNY town to take aggressive tactic: seizing it”
The Greater Syracuse Land Bank plans to partner with the Town of Dewitt to acquire “zombie properties” in order to return them to productive use.
(By Elizabeth Doran, syracuse.com, January 25, 2017)Read Article
“Syracuse Land Bank looking to sell seized and renovated rental properties to neighbors”
(By Alex Dunbar, CNYCentral.com, 1/17/17)Read Article
“Syracuse Land Bank addresses lead in homes, zombie properties in DeWitt”
(By Tom Magnarelli, WRVO, 1/18/17)Read Article
“Syracuse Land Bank reaches milestone, sells 400th home in the city”
(WSYR, Published 1/17/17)Read Article