A state program in New York s provides financial support for investors who adaptively reuse abandoned buildings in post-industrial towns.
New York State's "Neighbors for Neighborhoods" program is gaining steam in the state's post-industrial cities, reports Jared Brey.
"The Neighbors for Neighborhoods program provides financial support for New York residents to renovate abandoned properties in their neighborhoods for affordable rental housing," according to Brey.
After sharing the model of success from the Newburgh Community Land Bank that lead to the expansion of the neighbors for neighborhoods program around the state, Brey shares news of proposals for the program in cities like Schenectady and Rochester.
The article includes a lot more detail on how the state of New York established Neighbors for Neighborhoods, the kinds of benefits the program is expected to deliver, and the kinds of risks it mitigates.
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