SLIDE 17 17
This is only the start. In a similar partnership tonight I’m pleased to announce the next extension
- f improvements in the Gateway Corridor along South Salina Street. This past year we finished
improvements around the Community Health Center while community leaders continue to promote the region’s economic potential. This year we propose to concentrate on improving housing around Beard school. In concert with the Gateway Group and Home Headquarters, we will use up to $500,000 in funds from the sale
- f the Trolley lot to build and rehab up to 10 homes around the school. I want to acknowledge
the efforts of Councilors Van Robinson, Tom Seals and Bea Gonzalez who have been advocates for the Gateway projects. This past year we raised eyebrows with a program to acquire tax delinquent vacant homes and transfer them to our non-profit housing partners for $1. Home Headquarters has purchased 24 vacant houses and their goal is to rehab them and sell them to new home owners. This year we will expand the one dollar program to unleash investment from private developers. While we are making progress in controlling vacant properties, I am authorizing changes in city policy through which we’ll aggressively seize tax delinquent vacant homes while there is still time for developers to restore them to productive housing. Over the last few months we have begun to seize some 29 tax delinquent vacant structures, concentrating on the larger tough-to-develop 2, 3 and 4 family structures. I will propose to the Council that we will issue an RFP inviting private investors with good track records to rehab these structures either for home ownership or as rental units. We’ll make the homes available for $1 dollar and provide gap financing where needed. This will leverage another $5 million in private financing from Community Preservation Corporation. I want to thank Councilor Kathleen Joy who has helped us work with CPC, investors and housing agencies to develop this innovative new approach. There are more plans for 2008 around the city. Under the umbrella of the Near Westside Initiative, Home Headquarters this year will begin rehab and construction on many of the 60 properties in the horseshoe shaped area around Blodgett School. With SNI and RestoreNY funds, construction will get underway this spring. To complement work in the neighborhood, the Initiative also will transform the former Lincoln Warehouse on Fayette Street into several small arts related businesses and eight to 10 artist live-work units. With funds secured by the city and Syracuse University