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