City looks to grant as solution for blighted properties
NORWICH – Plans have been set in place for a grant that would allow the City of Norwich to address some blighted properties and turn them into opportunities for moderate income, first-time home buyers.
On Tuesday night, Planning and Community Development Specialist Todd Dreyer told members of the Common Council about the final properties and plans that will be included in the application for the Restore New York Grant. The grant would provide the city with funds for the acquisition and demolition of some unstable structures, and up to $100,000 each for the construction of new homes in their place.
“We’ve narrowed it down to four properties that are under serious consideration,” Dreyer said. The four properties Dreyer wants to include are 52 Fair St., 23 Grove Ave., 96 Silver St. and 7 Waite St.
Dreyer’s proposal would call for the demolition of the burned out property on 52 Fair Street. Chenango Valley Home and Apartments has agreed to sell the city a home located on their property at 16 Canasawacta St. for $8,000. Dreyer plans to move the former Rice home to the Fair Street location. If the home is not moved, Chenango Valley will most likely have to demolish it for expansion.
Dreyer explained the structures located at 23 Grove Ave. and 7 Waite St. would be demolished, and 96 Silver Street is a vacant, city owned property. The proposal calls for modular homes to be constructed on all three sites. Dreyer estimates the cost of construction would be approximately $150,000 per home.
Once completed, the houses would be sold at a reduced cost to moderate income families who were looking to buy their first home. Dreyer estimates that the monthly mortgage costs for the homes would be approximately $700 per month, which would include insurance and escrow costs.
“Any proceeds to the city could be used for future economic development,” Dreyer said. “It would all go back into dealing with the problem of blighted properties in the city.”
“It’s a step in the right direction,” said Mayor Joseph Maiurano at a later time. The mayor told the council he hopes the city receives this grant, but said he would like to implement a “Plan B” to address the issue if the city does not receive the grant money.
A public meeting will be held to discuss the Restore New York Grant at 7 p.m. on Tuesday, Sept. 17 during the regularly scheduled Common Council Meeting.
On Tuesday night, Planning and Community Development Specialist Todd Dreyer told members of the Common Council about the final properties and plans that will be included in the application for the Restore New York Grant. The grant would provide the city with funds for the acquisition and demolition of some unstable structures, and up to $100,000 each for the construction of new homes in their place.
“We’ve narrowed it down to four properties that are under serious consideration,” Dreyer said. The four properties Dreyer wants to include are 52 Fair St., 23 Grove Ave., 96 Silver St. and 7 Waite St.
Dreyer’s proposal would call for the demolition of the burned out property on 52 Fair Street. Chenango Valley Home and Apartments has agreed to sell the city a home located on their property at 16 Canasawacta St. for $8,000. Dreyer plans to move the former Rice home to the Fair Street location. If the home is not moved, Chenango Valley will most likely have to demolish it for expansion.
Dreyer explained the structures located at 23 Grove Ave. and 7 Waite St. would be demolished, and 96 Silver Street is a vacant, city owned property. The proposal calls for modular homes to be constructed on all three sites. Dreyer estimates the cost of construction would be approximately $150,000 per home.
Once completed, the houses would be sold at a reduced cost to moderate income families who were looking to buy their first home. Dreyer estimates that the monthly mortgage costs for the homes would be approximately $700 per month, which would include insurance and escrow costs.
“Any proceeds to the city could be used for future economic development,” Dreyer said. “It would all go back into dealing with the problem of blighted properties in the city.”
“It’s a step in the right direction,” said Mayor Joseph Maiurano at a later time. The mayor told the council he hopes the city receives this grant, but said he would like to implement a “Plan B” to address the issue if the city does not receive the grant money.
A public meeting will be held to discuss the Restore New York Grant at 7 p.m. on Tuesday, Sept. 17 during the regularly scheduled Common Council Meeting.
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