Amsterdam and Capital Region Land Bank seek state subsidies for home rehab project
AMSTERDAM — The Common Council signed off on a cooperation agreement with the Capital Region Land Bank on Tuesday to pursue a state funding program aimed at rehabbing dilapidated city-owned properties and getting the fixed-up homes into the hands of underserved families.
The state Homes and Community Renewal Legacy City Access Program is geared toward addressing blighted residential properties in upstate communities that drive down market conditions while straining limited municipal resources as the cost to renovate the languishing buildings exceeds their post-project value.