Syracuse council handily overrides Miner veto, erasing Land Bank funds and reducing OT

“Syracuse council handily overrides Miner veto, erasing Land Bank funds and reducing OT”

“The Common Council easily overturned 11 budget vetoes from Mayor Stephanie Miner Monday afternoon. The council overrode Miner with a vote of eight to one to cut funding for the Land Bank and nine to none to reduce overtime funds for cops and firefighters… The votes Monday mean the Land Bank will lose $1.5 million in city funding. Officials have said that money would have been used to demolish 60 blighted homes.”

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Spring 2017 Newsletter

Spring 2017 Newsletter

In this newsletter:

  • April is Home Ownership Month
  • Community Meetings to design “pocket parks”
  • Featured Listings
  • Featured Renovation: 511 Highland Street
We can hardly recognize the fully renovated 511 Highland Street!
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Syracuse Land Bank once again a top earner of NY attorney general’s office grants

“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.”

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Greater Syracuse Land Bank gets $2 million to demolish, renovate abandoned homes

“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.”

545 Oakwood is one of the 56+ blighted homes that will be demolished using these funds.
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Vacant Syracuse houses will be transformed into bright spots using kids’ art

“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.”

A vacant home owned by the Syracuse Land Bank at 301 Loomis Ave. will have its window boards painted by local students as part of a city-wide art project the Land Bank is beginning. (provided by Logan Reidsma)
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Affordable Homes: Buyers purchase vacant properties and restore them to usable form

“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.

Margarita Rodriguez and her husband at their new home on Fabius Street. The Stand staff photo.
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January 2017 Newsletter

January 2017 Newsletter

Devorn Kinsey poses for a portrait outside of his new home at 220 East Oakley Dr. in Syracuse NY. This sale was the Greater Syracuse Land Bank's 400th sale.
Devorn Kinsey poses for a portrait outside of his new home at 220 East Oakley Dr. in Syracuse NY. This sale was the Greater Syracuse Land Bank’s 400th sale.
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