Director of Program Strategies from Home HeadQuarters Katie Walpole said with the NYS Resilient Retrofits Program income-eligible homeowners in Broome County, who live within the 500-year floodplain can receive loans up to $50,000 to combat the effects of climate change and possible flooding.
Read MoreThe Syracuse City Common Council approved plans for the Department of Neighborhood and Business Development to fund development of more affordable housing for the Southside neighborhood at its Monday meeting.
Read MoreWith the help of volunteers, local companies, unions, and the sweat equity of future homeowners; Oswego County Habitat for Humanity, (OCHFH) recently completed renovations to a home at 21 Liberty St. for the Tunaley family in Oswego, OCHFH Executive Director Samuel Raponi.
Read MoreLow-Interest Loans Available for Home Flood Proofing and Climate Resiliency Upgrades
Homeowners meeting income eligibility requirements and living in the 500-year floodplain can receive loans of up to $50,000 for flood mitigation and energy efficiency improvements
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The Resilient Retrofits 1% Loan Program kicks off next week with a media announcement in the town of Lackawanna on Wednesday, April 5, 2023. Erie County Executive Mark Poloncarz will join New York State Homes & Community Renewal Deputy Commissioner Leonard Skrill and HHQ's Deputy Director Anna Falicov to announce the $9 million loan fund for income-eligible Erie, Broome, Kings & Queens and Suffolk County homeowners who live in the 500-year floodplain to help preserve their homes in the face of increasing flood events and other climate-readiness needs. For more information on the Erie Program, visit www.homehq.org/erieretrofits.
Read MoreMore than 100 business and nonprofit leaders from across the state voiced their support for the New York Housing Compact - Governor Hochul's comprehensive strategy announced in the Fiscal Year 2024 Executive Budget to address New York's housing crisis and build 800,000 new homes in the next decade. The plan builds on the Governor's vision to make New York more livable, more accessible, and more affordable.
Read MoreWASHINGTON, D.C. – Today, U.S. Senator Majority Leader Chuck Schumer and U.S. Senator Kirsten Gillibrand announced $5,196,000 in federal funding to develop and preserve affordable housing and invest in community development efforts throughout New York.
Read MoreSyracuse, N.Y. – Fewer than one in five Syracuse residents could afford a newly built apartment. Without subsidies, a landlord would have to charge $2,400 a month to make a return on the investment.
Read MoreNew data from the Federal Reserve Bank of New York shows credit card debt is on the rise again. Americans now have a total of $986 million in debt, a record high. But there are strategies to keep your own credit card debt under control.
Reducing debt and increasing credit scores is the most popular service at Syracuse’s Financial Empowerment Center, or FEC. Their counselors helped reduce more than $1 million in non-mortgage debt for its clients in 2022.
Read MoreAfter taking a seat on the Common Council in 2018, Latoya Allen had to figure out how to make her $21,000 a year salary work for her family of three. She visited Syracuse’s Financial Empowerment Center, where she received free financial counseling so she could budget and eventually purchase a house.
Read MoreWith the help of volunteers, local companies, unions, and the sweat equity of future homeowners; Oswego County Habitat for Humanity, (OCHFH) recently completed renovations to a home at 21 Liberty St. for the Tunaley family in Oswego, OCHFH Executive Director Samuel Raponi.
Read MoreWith the help of volunteers, local companies, unions, and the sweat equity of future homeowners; Oswego County Habitat for Humanity, (OCHFH) recently completed renovations to a home at 21 Liberty St. for the Tunaley family in Oswego, OCHFH Executive Director Samuel Raponi.
Read MoreSyracuse, N.Y. – Onondaga County today opened a $10 million fund to support housing development anywhere in the county with grants of $5,000 per unit, or more in special cases.
Read MoreThe renovations are paid for by nonprofit housing and community development organization Home HeadQuarters at no cost to property owners through a deferred loan. Property owners are required to retain ownership for a two-year compliance period, enforced through a lien placed on the property.
Read MoreWe ultimately found the community development financial institution Home HeadQuarters, Inc. Home HeadQuarters is a one-stop-shop, providing educational resources and purchase and construction financing to qualified individuals, families, contractors, and investors seeking to purchase and redevelop properties from the Albany County Land Bank. This partnership creates a new pathway to homeownership and wealth building for people who have difficulty securing the financial resources needed to purchase and rehab buildings. Access to capital is a crucial component of the solution: it’s one of the biggest causes of the racial and economic homeownership gaps and a tremendous barrier to creating more equitable opportunities.
Read MoreBesides having homebuying questions answered by industry experts, attendees will also learn how they can benefit from the enhanced mortgage program at Syracuse University and hear about open positions available with the University.
Read MoreIn fact, Home HeadQuarters provided the first-ever mortgage to a family of color purchasing a property through the Albany County Land Bank. Preem Cabey, the first-time Albany homebuyer, was declined for purchase financing by at least five financial institutions before coming to Home HeadQuarters. In just over a year, Home HeadQuarters has provided nearly $1 million in purchase financing for Albany County Land Bank homebuyers.
Read MoreAnd so we went out and found a community development financial institution out of Syracuse, called Home HeadQuarters. We can’t lend money but they can do flexible underwriting and last year alone put $1 million to first-time homebuyers who purchased properties from the land bank and then rehabbed them, people who couldn’t or wouldn’t go to traditional banks.
Read MoreIt's the third time the Central New York foundation received the grant dollars, and the organization plans to funnel the money to Home HeadQuarters, which will install the doors at windows at no cost to residents.
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Solvay Bank recently announced that Michele Fernandez, VP, enterprise risk manager & CRA officer, has recently been elected to join the Home HeadQuarters Inc. (HHQ) board of directors as a private-sector member.
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