The Syracuse Land Bank has houses available for purchase and renovation. The following are just a sampling of the houses that are available. for additional purchase opportunities see the Land Bank available property link below.
Follow the instructions in the listing notes to view Land Bank properties and be sure to include all required attachments with your purchase offer. Sales of properties requiring renovation are subject to an enforcement mortgage, securing a lien against the property that is discharged once the proposed renovations and any other requirements are complete.
210 Hunt Ave
Syracuse, NY 13207
Elmwood Area, three-bedroom house is for sale. Home has a large living room space with a first floor bedroom and bathroom. Off street parking with good size backyard.
Estimated renovation cost is approximately $41K. The buyer will need to show proof of funds in the amount of $46k. Download renovation specs and see additional property listings at http://bit.ly/210Hunt.
Outer-Strathmore/Elmwood home has four bedrooms, one bathroom, living room, dining room, pantry, office/den, and a detached two-car garage. This property is in the Home Ownership Choice program and must be sold to an owner-occupant or renovated and sold to an owner occupant.
Major foundation repair will be required! Estimated renovation cost is approximately $46k. The buyer must show proof of funds in the amount of $96k. Download additional listing details at https://bit.ly/112Annetta.
Land Bank Properties
Most listings include a scope of work that the buyer must complete to renovate the property within 12 months; if there is no scope attached, you must draft and attach your planned scope of renovations. In order for your project to be considered complete, you must fulfill all terms of sale, completed all work proposed in your purchase proposal, and obtained a Certificate of Adequacy or Certificate or Certificate of Inspection from Code Enforcement.
First-time homebuyers are required to complete a HUD-approved homebuyer education course; Home HeadQuarters offers a HUD-approved homebuyer education course and income-qualified buyers who complete the course are eligible to receive down payment and closing cost assistance.
The Land Bank Board of Directors will consider complete purchase applications when they meet monthly. Complete applications must be submitted two weeks prior to the Board of Directors meeting for consideration. All sales are subject to approval by the Land Bank’s Board of Directors. The Board will evaluate applications based on the quality of the development proposal, qualifications of the applicant, consistency of the development plan with the Land Bank’s mission and policies, and amount offered.