Friday, May 29, 2009
Stimulus Money Set to Fix Area Neighborhoods
Syracuse, N.Y. - Syracuse will be receiving $1.6 million dollars in stimulus money to help demolish run down houses and help keep low-income home owners in their homes. The Common Council held a special session on Friday to allow residents to publicly discuss what they wanted to do with the extra money.
The community development stimulus money will be used in two different ways; $1.2 million dollars will be used to demolish damaged buildings and houses; about $400,000would be given to the city's urgent housing program.
The stimulus money will allow the city's Department of Community Development to focus their money spending on neighborhood revitalization and rehabilition projects instead of tearing down buildings.
The additional funds will help bring new residents into the area and help about 40-50 current homeowners stay in their homes.