Land Bank wants $100K CDBG loan through Schenectady to rehab Prospect Street home

The City Council is expected to help provide the Capital Region Land Bank with the financial wherewithal to reimagine a two-family residence that has been vacant for at least four years.

The Capital Region Land Bank has brought in more than $9 million in grant funding for projects, the majority of which have come from bank settlements after the mortgage foreclosure crisis in late 2008.