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Central New York Regional Economic Development Council Announces Progress on Housing Rehabilitation and Community Revitalization Projects

(July 09, 2012)

Central New York Regional Economic Development Council Announces Progress on Housing Rehabilitation and Community Revitalization Projects

The Central New York Regional Economic Development Council today announced that 13 housing rehabilitation and community development projects have signed contracts with the state and are moving forward with the first stages of $4,825,000 million in awards from Governor Andrew M. Cuomo’s Regional Council initiative. The projects will restore and rehabilitate homes for 275 families in the Central New York Region, with total project costs of $9.5 million.

“These housing rehabilitation projects are a great example of synchronizing New York state and regional investment to build on local economic strengths and improve quality of life,” said Nancy Cantor, Chancellor and President of Syracuse University and Co-Chair of the CNYREDC. “With broad input from across the community, our regional council identified Central New York’s priorities for economic development and these projects rose to the top tier. Collaboration of this kind is the key to restoring prosperity both for Central New York and for New York State.”

“These projects stand to have a significant impact on our communities,” said Robert Simpson, president of CenterState CEO and co-chair of the CNYREDC. “Consistent with the region’s strategic plan, these projects revitalize our urban cores and neighborhoods by enhancing affordable housing options across the region.”

“In what I know will prove to be a long and productive relationship, HCR is proud to work under the Central New York Regional Council’s leadership in providing jobs and economic development to a region that needs them,” said NYS Homes & Community Renewal Commissioner & CEO Darryl C. Towns. “But most important for the families working with our non-profit partners, we are gratified to build and provide the affordable homes that they need.”

Investments made through the Regional Councils will be administered by New York State Homes and Community Renewal, the state’s housing agency. The Central New York Housing Rehabilitation investments that have executed contracts to-date include:

  • A $1 million investment to Home Headquarters, Inc., through the HOME program, to rehabilitate vacant properties and construct new homes for first-time homebuyers in the City of Syracuse
  • $700,000 investment to the Homesite Fund, Inc., through the HOME program, to improve housing conditions throughout the City of Auburn and Cayuga County
  • A $400,000 investment to the City of Cortland, through the CDBG program, to assist in the purchase of two or three-unit housing properties in the City of Cortland that will result in the development of 19 affordable homes
  • A $400,000 investment, through the CDBG program, to the Village of Homer to rehabilitate 11 substandard housing units
  • A $400,000 investment to the Town of Marathon, through the CDBG program, that will rehabilitate 13 owner-occupied severely substandard housing units
  • A$400,000 investment to the Town of Cortlandville, through the CDBG program, to rehabilitate 13 owner-occupied, severely substandard units
  • A $400,000 investment to Bishop Sheen Ecumenical Housing Foundation, Inc., through the HOME program, to rehabilitate 14 homes in Cayuga County
  • A $300,000 investment to Onondaga County Community Development, through the Access to Home program, to improve accessibility of 25 homes of persons with physical disabilities
  • A $300,000 investment to Arise Child and Family, through the Access to Home program, to make accessibility improvements to 20 homes of people with disabilities, disabled veterans, and frail elderly
  • A $300,000 investment to Onondaga County, through the Affordable Housing Corporation, to improve approximately 50 homes throughout the county
  • A $75,000 investment to Homesite Fund, Inc., through the RESTORE program, to address emergency housing repairs needs in Cayuga County
  • A $75,000 investment to Stoneleigh Housing, Inc., through the RESTORE program, to conduct emergency housing repairs for very low-income elderly homeowners in Madison County
  • A $75,000 investment to Onondaga County Community Development, through the RESTORE program, to conduct emergency repairs for elderly and frail elderly homeowners in Onondaga County

Last year, a total of $785 million was awarded through the Consolidated Funding Application (CFA) for job creation and community development projects consistent with each region’s strategic plans.

Onondaga County Executive Joanie Mahoney said, “Governor Cuomo’s Regional Economic Development process is yielding real results. The housing contracts will assist people looking for an opportunity to live in quality housing and New Yorkers will be put to work making the improvements. It's a big win for everyone.”

Cayuga County Legislature Chairman Steven Cuddeback said, “Cayuga County is very excited to be a part of the Governor’s Housing Rehabilitation and Community Revitalization Project. Our community appreciates the Governor’s investment in families and his recognition that communities need his support. This investment will ensure at risk families will have safe and secure homes to live in. The Governor’s leadership in these areas continue to help us build our community and revitalize our local economy.”

Cortland County Administrator Martin Murphy said, “This is outstanding news for Cortland County and its residents. The aging housing stock throughout Central New York is a major concern for owners, landlords and tenants. These grant funds will improve historic structures in Cortland County and improve the quality of life for our residents.”

Madison County Planning Director Scott Ingmire said, “Stoneleigh Housing has a long history of helping low to moderate income residents of Madison County improve their living environment through weatherization and home repairs. This project is another demonstration of the great work they are doing for the community. We commend the State for making this funding available and know that it will make a difference to the residents of the County.”

The HOME Program is a federally-funded allocation to expand the supply of affordable housing stock. HOME funds a variety of affordable housing activities including new construction, rehabilitation/preservation, home improvement and home buyer assistance that are undertaken by municipalities and not-for-profit organizations that serve as local program administrators.

The federally-funded Community Development Block Grant (CDBG) program provides financial assistance to eligible counties, cities, towns, and villages to help develop viable communities by providing decent affordable housing and expanding economic opportunities. The grants are awarded through the Housing Trust Fund Corporation.

The RESTORE (Residential Emergency Services to Offer Repairs to the Elderly) Program awards funds through municipalities and not-for profit organizations serving as local program administrators to pay for the cost of emergency repairs to eliminate hazardous conditions in homes owned by the elderly who are unable to afford to make repairs in a timely manner. To be eligible for assistance, homeowners must be 60 years of age or older, live in a 1-4 family house and have a household income which does not exceed 80 percent of area median income.

The Affordable Housing Corporation supports homeownership opportunities for low and moderate income families by providing grants to municipalities and non-for-profit organizations to assist in the costs of home improvements, the rehabilitation of existing housing, and the new construction of homes for homebuyers.

The Access to Home Program provides financial assistance to property owners to make dwelling units accessible for low- and moderate income persons with disabilities. Providing assistance with the cost of adapting homes to meet the needs of those with disabilities will enable individuals to safely and comfortably continue to live in their residences and avoid institutional care.

To learn more about each regional council and their economic development plans, visit http://regionalcouncils.ny.gov

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