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Stimulus: Federal funds go toward creating affordable homes

One county in New York State will be using $2 million dollars in stimulus federal funds to rehabilitate condemned houses, creating affordable homes.

homes being rehabilitated with stimulus funds

The City of Binghamton in New York granted $2 million to the Broome County Land Bank.

In all, the city was given $46 million from the American Rescue Plan.

A dozen properties will now be rehabilitated from the foreclosure list.

They will then be sold to low to moderate income families.

Stimulus: Deadlines for up to $800 approaching

The city and land bank worked together to come up with a list of eligible homes to rehabilitate.

Another $300,000 will be given to the land bank from the Broome County ARPA fund.

This will be used to demolish properties that cannot be rehabilitated.

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