Newburgh Land Bank Receives $1.8 Million Grant from State
Industry Update
April 29, 2023
Source: Mid Hudson News
The Newburgh Community Land Bank has been awarded $1.8 million by the Housing Trust Fund Corporation and State Homes and Community Renewal. The funding was granted after a competitive application process open to all New York State Land Banks as part of the Land Bank Initiative Phase II.
The nonprofit organization partners with city government to strengthen the community by acquiring, stabilizing, and facilitating the redevelopment of blighted and abandoned properties, returning them to productive use, and growing local property tax bases.
The Newburgh Land Bank will be investing the monies in several projects in its North of Broadway target neighborhood, particularly on Lander Street, South Miller and surrounding streets, where the land bank has already reactivated over 100 buildings and vacant lots.
“This funding will afford us the opportunity to recharge our efforts to revitalize the City’s vulnerable housing stock, while adding new housing to long-dormant lots,” said Lisa Daily, land bank chairwoman.
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