Albany County receives $1.4M to rehab homes
ALBANY – Albany County received nearly $1.4 million in grant funding from the state that will go toward rehabbing homes in Albany's South End and supporting mental health services in the county.
The $1 million grant will go toward rehabilitating three Second Avenue homes. The two-family buildings are owned by the Albany County Land Bank. The plan is to sell the homes to first-time homebuyers with low-to-moderate incomes. The Land Bank will also pair qualified buyers with financial and educational resources designed to help more low-income families and individuals become homeowners.
Adam Zaranko, executive director of the Albany County Land Bank, said the grant will help create stability for the future homeowners and the neighborhood.