Rochester land bank awarded $1.5 million to fix vacant home issues
Albany/Rochester, N.Y. (WHAM) - Rochester was one of 19 communities to receive grants for land banks to rid communities of vacant houses.
New York Attorney General Eric Schneiderman announced last Friday that nearly $21 million in grants were being awarded to the communities.
The Rochester Land Bank Corporation (RLBC) was awarded $1,500,000. The money will serve three programs in the area:
- Up to ten blighted buildings will be demolished
- Homeownership Assistance Program for Vacant Houses will help first-time homeowners to purchase vacant homes with subsidies for renovations
- An affordable rental housing project that will produce at least 20 units of affordable housing
Since 2013, 71 properties have been acquired in Rochester, 77 have been returned to the market and 21 have been demolished.
Land bank properties that brings in new owners discourage criminal activity, benefiting public safety and decreasing the cost burden on local police and fire departments.
Also, the more residents and businesses that occupy property in a neighborhood, the more services and amenities will be needed, which boosts local economic activity.