“NYS will use $20M in bank settlements to fund land banks”
The Greater Syracuse Land Bank has received nearly $5 million to date in mortgage settlement funds granted by the Office of NY Attorney General Eric Schneiderman. We have used these funds to renovate 68 homes for sale to owner-occupants, in partnership with Home HeadQuarters and the Onondaga County Community Development Program, and to demolish 43 blighted structures. We are eager to continue our partnership with the AG’s office to address blighted and abandoned properties that are dragging down property values and negatively impacting quality of life for surrounding neighbors.
“The state is making available $20 million to cities like Syracuse to continue operating land banks…
Schneiderman’s office has spent more than $30 million since 2013 to fund 10 land banks, not including today’s $20 million.
The new funding comes on the heels of a report from the Schneiderman’s office outlining land banks’ successes.
According to the report, Syracuse’s land bank has been the most active, acquiring more than 1,000 properties and reselling more than 400. That’s more than half of the 1,995 properties acquired by land banks statewide.
Syracuse has also received the most state money — nearly $5 million.
“The Syracuse Land Bank has made a demonstrable difference in the City of Syracuse,” said Syracuse Mayor Stephanie Miner. “Where neighborhoods once had blight, they now have hope. I appreciate the work of the staff of the Syracuse Land Bank and the commitment of Attorney General Eric Schneiderman to supporting the quality of life in cities across New York.””
(Chris Baker, Syracuse.com, November 2, 2016)Read Article
“Syracuse Common Council considers more demolitions for Land Bank, south side residents want fewer”
“The Syracuse Common Council is debating how it should or should not restrict the $1.5 million in the city’s current budget for the Syracuse Land Bank….”
(By Tom Magnarelli, WRVO, August 15, 2016)Read Article
“Renovation Spotlight: 309 Onondaga Ave.”
(Mary Muench, Land Bank Intern)Read Spotlight
“Syracuse Land Bank Completes its 300th Sale”
(June 28, 2016)Read Press Release
“Housing Visions to use $11.5 million state award for projects in Syracuse, Elmira”
Housing Visions has been awarded funding for two major redevelopments of Land Bank-owned properties in Syracuse. The Butternut Commons project will create over 50 units of affordable housing along the Butternut Street corridor and the Ethel T. Chamberlain House will completely rehabilitate a vacant, 26,000 sq. ft., four-story 1930s apartment building on West Onondaga Street, turning it into supportive housing.
(By Eric Reinhardt, Business Journal News Network, June 7, 2016)Read Full Article
“Syracuse Landmark Seeks Recognition on National Register of Historic Places”
SYRACUSE, N.Y. — A Local Protected Site may soon gain national recognition.
The Greater Syracuse Land Bank is seeking to have the South Presbyterian Church listed on the National Register of Historic Places. The Land Bank, which acquired the South Salina and West Colvin St. landmark last fall, hopes the designation will help in attracting a developer to restore the massive building.
If listed on the National Register of Historic Places, the building can be eligible for grants, as well as historic rehabilitation tax credits.
(Kate Collins, Syracuse.com, May 11, 2016)Read Full Article
“Syracuse’s Gothic cottage vacant for 30 plus years is demolished”
(By Charley Hannagan, syracuse.com, February 3, 2016)Read Article