By Michelle Houston Syracuse, N.Y. (NCC News) — A proposed tax law could benefit Land Bank Homes.
The proposed tax law could require an increase of money from home sellers.
The tax is a one-time tax which means home sellers would see this occasionally and not every year.
Money from this proposed tax would go to three different projects. These projects are infrastructure, arts programs and Land Bank homes.
Home Headquarters Communication Officer Karen Schroeder says housing is the most overlooked among infrastructure and arts programs.
“If there was some kind of fund that could not only sustain the land bank which something we need in this area but also other housing efforts because it’s important to be able to hold properties and sell and demolish them if necessary,” said Schroeder.
A resident who lived on the south side of Syracuse for four years says this has been an ongoing problem. She says fixing the house next door to her will improve the appearance of her street.
“Look at this one I don’t want to say it’s a disgrace but they need to fix them to make it look better enhance the community,” she said.
She says the house next door to her attracts rats and other rodents and fixing up the house will help.
“It will make our neighborhood much nicer much more attractive that’s how I like it.”
According to Home Headquarters renovation projects can cost thousands of dollars, depending on how much work needs to be done to a home. Schroeder says this could potentially help.
As far as the status of the proposed tax law goes, it did not do well with the county. This law, however, requires both the state and the county’s approval. With the legislative session ending in a few days, the law more than likely will not be passed. But residents have hope that the county will try again.