Syracuse to receive funds in Land Bank Programs
Syracuse (WSYR-TV) - The city of Syracuse is in line to receive hundreds of thousands of dollars to help revitalize abandoned and vacant properties and turn them over to new owners.
New York Attorney General Eric Schneiderman was in Syracuse Wednesday to discuss the details of the Land Bank Program.
Under the plan, Schneiderman says he will use money seized from banks that engaged in the type of misconduct that caused the housing crisis to reshape Central New York neighborhoods.
The initiative along with the Homeowner Protection Program, already helped one Syracuse woman achieve her goal of becoming a first-time homeowner.
"It means a lot to me. I'm a first time homeowner. I have three children and to have their own space and to have a place we can call home is an unbelievable experience,” said Haydee Rolon.
The attorney general’s office will send out applications next month to Start-Up Land Bank Programs around the state.
They hope to get the initial round of funding circulated by October and the next round circulated in the coming year.
Copyright 2013 9wsyr.com Nexstar Broadcasting, All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.