(WBNG Binghamton) The City of Binghamton announced Monday the winners of its “One Dollar Healthy Homes” initiative, which sought redevelopment proposals for eight seriously blighted homes acquired by the City through foreclosure.
According to a news release:
Each winner will receive $100,000 in Restore NY funding, the state grant awards secured by Binghamton to turn eyesores into quality, energy-efficient housing.
Director of the Department of Planning, Housing and Community Development Tarik Abdelazim will be available to discuss this announcement today, May 20th, at 2:30pm in his office on City Hall’s 4th Floor.
“Through the state’s Restore NY program, the City secured nearly $6 million over three funding rounds to carry out demolition or major rehabilitation of blighted homes, and the One Dollar Healthy Home initiative is just another creative way to attract and drive private investment in our neighborhoods,” said Mayor Matt Ryan. “I applaud the winners not only for their creative proposals, but also for being a part of our award-winning neighborhood revitalization strategies.”
The winning applicants are as follows:
• 11 and 13 Way Street: Sarah Edwards, a local MWBE contractor, will substantially reconstruct 11 Way Street for her primary residence, her first home. She will also demolish 13 Way Street, pending approval from New York State, and build a new garage with a studio apartment as part of her overall site plan. Edwards has committed nearly $80,000 of private financing to the Way Street project.
• 118 Liberty Street: Here, Edwards will substantially reconstruct the two-family structure to offer quality, energy-efficient rental housing. She has committed $25,000 of private financing to this redevelopment project.
• 23 Alfred Street (vacant lot): Craig Brigham III, who works for his family’s general contracting firm, will build a new, single-family residence for his primary residence. Brigham has committed $48,725 in private financing for this new home construction.
• 45 Brook Avenue: Andrea Salcedo, a senior who was displaced by Hurricane Sandy and wants to return to Binghamton to be near family, will substantially reconstruct and expand this single-family home as her primary residence. Salcedo has committed $46,000 in private financing for this redevelopment project.
• 13-13.5 Hancock Street: B+N Real Estate, owned by a local general contractor, will tear down this severely blighted structure and build a new, two-family residence to offer quality, energy-efficient rental housing.
“We established a fair, flexible, transparent process to attract quality proposals, and we’re all very pleased with the outcome,” said Tarik Abdelazim, Director of the Department of Planning, Housing and Community Development. “These winning proposals represent more than $840,000 in public and private investments to remove blight, promote quality housing and boost homeownership, and they complement a level of investment in housing that the city hasn’t seen in decades.”