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State funding announced by Governor Kathy Hochul or $271 million will support two Syracuse housing projects. Jensen Ave Apartments and East Adams development will add 518 units, many for low income.
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Common Councilors gave their approval to several property and financial components to the complex project.
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Syracuse will provide matching funds for certain home renovations in Tipperary Hill, Salt Springs and Far Westside neighborhoods. The 50-50 match, up to $2500, can fund painting and other improvements.
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Conifer Realty recently won the town council’s approval with its multi-use development plan boasting apartments, hotels, medical hubs, and shops.
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Five projects received funding under the O-CHIP program that will add nearly 450 housing units.
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15th district legislator Maurice Brown is holding a town hall meeting on Monday, March 18th at the Westcott Community Center.
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Karen DeWitt spoke with the Senate’s Housing Committee chair, who says the plan revives a mid 20th century affordable housing initiative and provides tax breaks for developers and some tenant protections.
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A previous plan that would have created 800,000 new housing units fell through during 2023 budget negotiations.
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The Syracuse Housing Trust Fund Corporation would fill gaps not being met through other programs or funding sources.
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Advocates for more housing are praising Governor Kathy Hochul's plan to build 800,000 more units.