• Malmgren Concert Black History Month
  • Land Bank - Restoring Properties
  • CSEA_Help Wanted_Labor Relations
  • Urban CNY-Survey 2.0 LinkedIn-530 x 75 px
  • Alzheimer’s Association
  • Syracuse Stage Murder on the Orient Express
  • 5 for CNY - Learn How

Celebrating Urban Life Since 1989

Menu Hamburger White
  • 5 for CNY - Learn How
  • Syracuse Stage Murder on the Orient Express
  • Malmgren Concert Black History Month
  • CSEA_Help Wanted_Labor Relations
  • Urban CNY-Survey 2.0 LinkedIn-530 x 75 px
  • Land Bank - Restoring Properties
  • Alzheimer’s Association

Onondaga County Community Development unveils new Home Ownership Program

Within the coming year, Onondaga County Community Development Division expects to purchase, rehabilitate, and sell a number of single family dwellings.  These homes will be available at a subsidized price for first-time homebuyers who meet program guidelines.

WHAT KIND OF HOMES ARE AVAILABLE?

Community Development’s Homeownership Program offers existing homes, which were often vacant and dilapidated, that have been purchased and rehabilitated using Federal and State funds. Houses are scattered around the County outside the City of Syracuse.

WHAT IS THE COUNTY’S ROLE?

  • Acquire and rehabilitate houses according to applicable codes and program guidelines.
  • Notify people on mailing list when houses are ready for sale.
  • Meet with each prospective buyer who signs a purchase contract.
  • Select actual buyer through lottery drawing among prospective buyers.

WHAT DOES THE REALTOR DO?

Show the houses to interested people. Pre-qualify prospective buyers according to program guidelines. Refer buyers to Geddes Federal Savings and Loan, Seneca Federal Savings and Loan, or M&T BANK. Prepare purchase contracts and related documents.

HOW MUCH DO THE HOUSES COST?

Prices will vary depending on the cost to buy/rehab or build each house.  Sale prices will not be negotiable. The houses typically will cost between $85,000 and $110,000, not counting the subsidy.

WHO IS AN ELIGIBLE BUYER? 

To be eligible, a family must have a gross income below the maximum shown below, must be a first-time buyer, and must qualify for a mortgage. Please note that both husband and wife, or if unmarried, both partners must attend counseling, must be co-borrowers on the mortgage and must be named on the deed as co-owners.

Using the chart below, find your family size in the first column. The second column tells you what your family’s maximum annual income can be for you to qualify for the homeownership program.  Please note that higher maximum income limits apply for some properties.  Gross income of all family or household members from all sources must be included.  If you have questions, please contact Community Development.

family size               

The most you can earn per year

1

                           $37,950

2

                           $43,350

3

                           $48,750

4

                           $54,150

5

                           $58,500

6

                           $62,850

7

                           $67,150

8

                           $71,500

HOW MUCH IS THE SUBSIDY?

Subsidies vary depending on subsidy source.  The actual amount of the subsidy will be the difference between the maximum mortgage the family can afford (based on 28% of total gross monthly income) and the fixed price of the house.  The amount of the subsidy will be a second mortgage due only if the property is sold within ten (10) years or transferred to another family that is not low income.

WHAT SHOULD I DO IF I’M INTERESTED?

Watch your mail for letters announcing houses for sale. Go to the Open Houses. Complete Homeownership Counseling through Home Headquarters (474-1939) or Southern Hills Preservation Corp (677-3863). This counseling is required of all buyers, and is a good idea even if you don’t buy a house through the County.

For further information, contact:                             

Onondaga County Community Development Division

1100 John H. Mulroy Civic Center

Syracuse, New York 13202      315-435-3558

SHARE THIS ARTICLE

Van B. Robinson Common Council Chambers Weekly Schedule March 4th – March 8th, 2024

Syracuse City Hall 233 E Washington St,, Syracuse, NY, United States

Monday, March 4th 6:00 p.m. City Planning Commission Meeting Tuesday, March 5th 11:00 a.m. Finance, Taxation & Assessment Committee Meeting Re: Tax Exemption Agreement with Maria Regina Housing Development Fund Corporation […]

Van B. Robinson Common Council Chambers Weekly Schedule March 4th – March 8th, 2024

Syracuse City Hall 233 E Washington St,, Syracuse, NY, United States

Monday, March 4th 6:00 p.m. City Planning Commission Meeting Tuesday, March 5th 11:00 a.m. Finance, Taxation & Assessment Committee Meeting Re: Tax Exemption Agreement with Maria Regina Housing Development Fund Corporation […]

Van B. Robinson Common Council Chambers Weekly Schedule March 4th – March 8th, 2024

Syracuse City Hall 233 E Washington St,, Syracuse, NY, United States

Monday, March 4th 6:00 p.m. City Planning Commission Meeting Tuesday, March 5th 11:00 a.m. Finance, Taxation & Assessment Committee Meeting Re: Tax Exemption Agreement with Maria Regina Housing Development Fund Corporation […]

Van B. Robinson Common Council Chambers Weekly Schedule March 4th – March 8th, 2024

Syracuse City Hall 233 E Washington St,, Syracuse, NY, United States

Monday, March 4th 6:00 p.m. City Planning Commission Meeting Tuesday, March 5th 11:00 a.m. Finance, Taxation & Assessment Committee Meeting Re: Tax Exemption Agreement with Maria Regina Housing Development Fund Corporation […]

Van B. Robinson Common Council Chambers Weekly Schedule March 4th – March 8th, 2024

Syracuse City Hall 233 E Washington St,, Syracuse, NY, United States

Monday, March 4th 6:00 p.m. City Planning Commission Meeting Tuesday, March 5th 11:00 a.m. Finance, Taxation & Assessment Committee Meeting Re: Tax Exemption Agreement with Maria Regina Housing Development Fund Corporation […]

Local, State & National


Resources

Neighborhoods

Features

Contact Us