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Rochester awarded $2 million in grant funding
Rochester, N.Y. - More than $12.4 million in grant funding for land banks across New York is being awarded this year, Attorney General Eric Schneiderman announced Tuesday.
The grant money, awarded under the Attorney Generals Land Bank Community Revitalization Initiative is part of a two year, $20 million program to help communities rebuild and restore communities hit hard by the housing crisis.
In the aftermath of the foreclosure crisis, communities across our state have been burdened by vacant and abandoned properties that attract crime and drag down property values, Schneiderman said in a statement. By funding land banks across New York, we are helping to empower local communities to rebuild their own neighborhoods, house by house, block by block. Returning blighted properties to responsible, productive use will revitalize entire neighborhoods and help our communities recover from the housing crisis.
The projects selected for funding will carry out a range of community development activities, including: demolition of blighted, vacant, and abandoned homes, acquisition and renovation of vacant homes, and resale of renovated properties, and other activities.
The Rochester Land Bank Corporation was awarded $2.087 million in funds.