Governor Cuomo Introduces Housing Initiative

$10 million plan to revitalize homes on East Side/Cheektowaga

Mike Baggerman
July 13, 2017 - 4:04 pm

WBEN Photo/Mike Baggerman

Categories: 

BUFFALO, N.Y. (WBEN) - Governor Cuomo announced a long-term plan to help ailing homes on Buffalo's East Side and in the Town of Cheektowaga on Thursday morning in Buffalo.

The $10 million plan is called the "Buffalo Neighborhood Stabilization Initiative" and is a three-pronged plan which officials believe will increase homeownership, prevent foreclosure, and target zombie properties.

WATCH: Governor Cuomo introduces Neighborhood Stabilization Initiative

Howard Zemsky announced a $4 million investment from the initiative which will begin work on nearly 250 homes.

"First, $1.4 million to create new homeownership opportunities in partnership with the mayor and the City of Buffalo," Zemsky said. "The city has about 28 properties in the east side that they are seeking to rehab and transfer to new homeowners. With state funding, they believe the first homes could be ready for occupancy this fall."

Approximately $2 million will be allocated to preserving housing, preventing foreclosure, and protecting east side families. Zemsky also announced $1.02 million to address and prevent zombie properties by targeting properties including 17 already identified. 

During his visit, the governor highlighted the rebirth of Buffalo and said housing is the heart of the Buffalo community.

"It is the building block," Cuomo said. "Housing is the heart of the family. If you want me to get my life together you need a place to get your life together, you need stability. You literally need a roof over your head. That is from a human level. That is the first step to getting a life together. That's where we want to start today."

The governor added that we are still suffering from the mortgage crisis of 2007 and 2008.

"You still see mortgages that shouldn't have been made in the first place foreclosed on," he said. "The house has emptied and as soon as it's emptied the house is vandalized. Now you have an abandoned, vandalized home on the block and you feel the rest of the block getting sucked into that void."

Cuomo said the $10 million isn't the "be all, end all" but will be the building block for the community.

LISTEN: Governor Cuomo visits WNY to help housing on East Side/Cheektowaga

Comments ()