December 2022 Welcome to the Greater Syracuse Land Bank eNews! Inside you'll find news, featured properties and the most recent dashboard of Land Bank projects to date.
New Construction is Complete!
MLK Blvd Jubilee Homes of Syracuse, Inc. is committed to revitalizing the Southwest side of Syracuse through affordable housing opportunities, workforce and entrepreneurship programming, economic development, and youth development programming. They have just completed two newly constructed single-family homes at 431 and 441 MLK Blvd. The two affordable neighboring homes were built on three vacant lots formerly owned by the Land Bank, which we split into two building sites, and were sold to owner-occupants. In the next few years, Jubilee Homes hopes to build over 70 additional single-family homes increasing the availability of quality homes in Syracuse. We are excited to see the completion of this project and look forward to partnering with Jubilee Homes on future endeavors. These homes are part of the City of Syracuse's Resurgent Neighborhoods Initiative.
Weatherization for your Home
With the winter season in Central New York comes the snow and cold and the increased costs of heating a home. Weatherization helps reduce energy costs, conserve energy, and improve health and safety standards in the home. Eligibility for the Weatherization Assistance Program is based on income and household size. It's locally administered through PEACE, Inc. which offers air sealing of cracks and holes to prevent heat loss, insulation of attic and walls, heating system repairs and replacement, client education on other ways to reduce energy costs, and more! Currently, there is a waiting list, but every client approved in the program will be eventually serviced. For more information on the Weatherization Assistance Program visit Peace Inc. at https://www.peace-caa.org/programs/energyhousing/
Renovation Spotlight 182 Berger Ave
Before After Renovation
Another vacant property has been returned to the active housing inventory! The renovations of this single-family home at 182 Berger Ave. include new windows, refinished hardwood floors, a remodeled kitchen and bathroom, a new furnace and water heater, and exterior paint. The Southside home was purchased by a local Syracuse buyer with plans to use it as a rental property.
Before After Renovation
More Post-Renovation Photos
Syracuse is considered a college town with two local colleges and one major university. Can I purchase a Syracuse Land Bank home with the intention of using it as a rental unit for students?
We very rarely get foreclosed properties in the areas right around the university where students tend to rent. If that's what you're looking to do, we recommend working with a local property manager to advise you on the properties you're looking at and your marketing strategy for target rental customers. Keep in mind, anything listed in the Home Ownership Choice program cannot be a rental.
SOLD!
Purchase offers on the following properties were accepted at the December Board of Directors meeting: All Land Bank buyer information is also listed on our website under the "Public Reporting" section.
221 Colvin St. E.
109 McAllister Ave.
112 Oberst St.
318 Kellogg St.
109 Oswego St.
125 Nelson St.
414 Valley Dr.
On behalf of the Greater Syracuse Land Bank, we wish you a Happy and Safe Holiday Season!Please take note of the following upcoming office closures.
Application Deadline
Complete purchase offers submitted by Tuesday, January 3rd at 5:00 pm will be considered by the Board of Directors on January 17th. We encourage you to submit your applications well ahead of the deadline to ensure we have the time to review them for completeness and accuracy.
For more information on these properties, visit our website atsyracuselandbank.org/forsale or click tab below. Contact our office 315-422-2301 ext 0to schedule a property showing. Same day appointments may not be available, so property showings should be booked at least 24 hours in advance.
1807 Bellevue Ave
Syracuse, NY 13204 Asking Price: $59,900.00 Renovation Estimate: $59,651.00 Home Ownership Choice (HOC): Yes
Charming home with five bedrooms, two full bathrooms, and a two-car detached garage. The first floor has two bedrooms, one bathroom, a living room fireplace, and a formal dining room. This home must be sold to an owner-occupant or renovated and resold to an owner-occupant.
Download renovation specs here: https://bit.ly/1807BellevueAve
The buyer will need to show proof of funds in the amount of $120,000.
164 Jasper St
Syracuse, NY 13203 Asking Price: $29,000.00 Renovation Estimate: $60,909.00 Home Ownership Choice (HOC): No
Northside fixer-upper with two bedrooms, living room, and formal dining room. The home has water damage and does not have a driveway.
Download renovation specs here: https://bit.ly/164JasperSt
The buyer will need to show proof of funds in the amount of $90,000.
Syracuse, NY 13204 Asking Price: $12,000.00 Renovation Estimate: $57,812.00 Home Ownership Choice (HOC): No
Cozy two-bedroom, one-bathroom fixer-upper in the Near Westside neighborhood, with living room and formal dining room. The home may be packaged with 207 Rowland for $10k total.
Download renovation specs here: https://bit.ly/211RowlandSt
The buyer will need to show proof of funds in the amount of $70,000.00
Report an Issue or Ask a Question
The Land Bank is committed to improving neighborhoods in the City of Syracuse. We want to remind you that the Land Bank is always available to answer any question or concern about properties in your neighborhood. If there is an issue with a property that needs to be addressed please let us know. We are committed to improving the character of the neighborhoods in our city and keeping its residents informed. As our neighbors, you are our most important stakeholders and we want to hear from you. Give us a call at (315) 422-2301, email us atinfo@syracuselandbank.org, message us on Facebook or Twitter, or just stop into our office at 431 E. Fayette Street, Suite 375, Syracuse, NY 13202.
homes increasing the availability of quality homes in Syracuse. We are excited to see the completion of this project and look forward to partnering with Jubilee Homes on future endeavors. These homes are part of the City of Syracuse's Resurgent Neighborhoods Initiative.
With the winter season in Central New York comes the snow and cold and the increased costs of heating a home. Weatherization helps reduce energy costs, conserve energy, and improve health and safety standards in the home. Eligibility for the Weatherization Assistance Program is based on income and household size. It's locally administered through PEACE, Inc. which offers air sealing of cracks and holes to prevent heat loss, insulation of attic and walls, heating system repairs and replacement, client education on other ways to reduce energy costs, and more! Currently, there is a waiting list, but every client approved in the program will be eventually serviced. For more information on the Weatherization Assistance Program visit 
