Buffalo's "Neighborhoods of Choice" Program

Buffalo's "Neighborhoods of Choice" Program

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The City of Buffalo is ready to preserve and save some choice residential neighborhoods through city and private funding sources, starting in 2008.

Phase 1 of the program targets the Hamlin Park area, and Phase 2 will concentrate on the Grant-Ferry District. Neighborhoods of Choice are characterized as residential areas that offer a host of amenities, both environmental and commercial. From the August 2007 City of Buffalo Neighborhoods of Choice: Part of the Mayor's Livable Communities Initiative booklet, the targeted areas have: …historic homes of unparalleled beauty, easy access to parks, parkways and waterways, proximity to vibrant commercial streets, [and are] near institutions of higher learning and other community assets.

Phase 1 funding breaks down as follows:

City of Buffalo.........................................$1,000,000
Citizens Bank..........................................$1,000,000
CDBG*........................................................$500,000
Capital Improvement Program.................$1,000,000

TOTAL.....................................................$3,500,000
*Community Development Block Grant

The idea is to fix and regrow neighborhoods in an effort to create overall improvements in the city's offerings to current residents and potential homeowners. In conjunction with the Buffalo Niagara Association of Realtors and Citizens Bank, the program seeks to increase home ownership through planning, rehabilitation and marketing residences, as well as improving the neighborhood infrastructure.

Hamlin Park, a century old neighborhood flanking Olmsted's Humbolt Parkway, is designated as a HUD approved Neighborhood Revitalization Strategy Area (NRSA) and is therefore eligible for CDBG funding. Grant Ferry is considered a Neighborhood of Choice by virtue of its links to Olmsted's Richmond Avenue parkway and its proximity to the Niagara River and Elmwood Village.

The good news for owner/residents is that there is funding available for up to 50% of the cost of home improvements, up to $30K. One and two-family structures that are owner-occupied are eligible once they meet approval by the Office of Strategic Planning, are without code violations, and have matching funds, whether from savings or an approved lender. Half of the city funds must be repaid, as agreed, during a 15-year term at 2% interest, at which time the city will forgive the other half.

As a conditional grant to the homeowner, lead-based paint remediation, conducted by an EPA certified lead contractor, will be paid for by the city. All loan costs, as well as this grant will be contingent on the homeowner occupying the home during the entire term of the loan.

Furthermore, down payment and closing costs on marketable houses in the designated areas will be covered up to a maximum of $10K, and will be forgiven after 5 years if the house is owner-occupied during that time. The sale of the house before that time will require reimbursement of these costs.

As an even further boost for low to moderate income owner-occupants and buyers (those who fall at or below 80% of area median income levels), there is a deferred loan program that offers $25K for a single family unit or $35K for a double, with partial repayment at no interest on a monthly basis. Depending on income level and the ability to pay, part of the loan will be forgiven.

Again, the home must be owner-occupied, brought into compliance with housing codes, and lead-free, but there is federal funding through the HOME program that will cover the compliance costs if the home is owner-occupied throughout a 10-year regulatory period. This is all good news for homeowners who plan on staying in their homes, and want to see their neighborhoods revitalized.

The only downside will befall those property owners who don't comply with city housing codes. These neighborhoods will be under the close scrutiny of the commissioner of the Economic Development Permit and Inspection Services, who will begin code enforcement actions. Code violations will be sent to the property owners, along with funding sources. Monthly updates will be noted on properties in code violation and those in non-compliance will be brought to housing court.

One of the goals in the rehabilitation and resale of properties in these targeted areas is to remedy vacant properties and deteriorated rental properties. Once renovated, the properties will be sold to people of various income levels in an effort to maintain a mixed-income community.

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Rock Harbor

What Others Have To Say

  1. STEEL

    1 ratings12345
    Aug 6th 2007, 13:01

    Sounds like a good program. However, we should be careful when promoting home ownership to low income people however. The costs of owning a home extend way beyond paying the mortgage. A new furnace can cost $8000, a new paint job $15,000, a new roof $20,000. If you need special assistance with the mortgage these items are most likely unaffordable to you.

    On a sad note, Hamlin Park no longer fronts on an Olmsted Parkway

  2. parkman

    1 ratings12345
    Aug 6th 2007, 13:31

    STEEL, interesting you would note the Olmsted dis-connection. Also interesting is the first Neighborhood of Choice is the mayor's neighborhood and the next is one that should go through the city's Weed & Seed and SOS programs before even being considered for this investment. And, agrred on the home ownership note, too.

  3. PBLiz

    1 ratings12345
    Aug 6th 2007, 13:35

    How about the Peace Bridge Columbus Parkway neighborhood? It is close to an Olmsted park and the Waterfront. Yes, very interesting is the fact that Hamlin Park is the mayor's neighborhood!

  4. STEEL

    2 ratings12345
    Aug 6th 2007, 13:41

    I think this designation for Hamlin Park has nothing to do with the mayor living there and everything to do with the fact that this is a very viable neighborhood which could either rise of sink drastically. It is a neighborhood that pokes directly into the core of some of Buffalo's most distraught inner city areas and yet it has resisted drastic decline. If it is important to save any neighborhood it is this one.!

  5. GraphicRage

    1 ratings12345
    Aug 6th 2007, 14:12

    Where can we see a clearer map of what area constitutes the Grant/Ferry district?

  6. RonR

    2 ratings12345
    Aug 6th 2007, 14:30

    So the way I read it is one can get $7500 for free and a cheap $7500 loan to fix up homes in this area, provided they can secure $15,000 on their own......

    Would like to see some payment escalators for owners who sell after taking part in this program. Maybe force them to pay the loan off 100% when they sell and/or force them to pay some of the $7500 in "free" money back if they sell for a significant profit.

    Another clause I would like to see is the mandate that these be OWNER OCCUPIED homes and not rentals.

  7. ECB

    0 ratings12345
    Aug 6th 2007, 14:54

    Here's a version of the Grant Ferry District. Melanie Gregg in Tim Wanamaker's office is working on a better version for me, but I hope this tides you over.

    And Ron, they do have to be owner occupied, and all loan money, closing and leaded paint remediation efforts must be paid back to the city if the owner moves or sells before the agreed on period; 15 years for loan and paint, 5 for closing costs.

  8. hamp

    0 ratings12345
    Aug 6th 2007, 15:16

    This is great news.

  9. Mel

    2 ratings12345
    Aug 6th 2007, 17:04

    As a Hamlin Park resident for 20 years, I don't see this program doing much. But it is very welcome. In my opinion, the best way to stabilize and improve the neighborhood would be to fix Delevan Avenue. That street has no business being primarily residential. Due to the scar that was Humbold Parkway, Delevan only feeds into it and has become an eyesore that very much sets the tone of the area. Just my opinion, but many of those homes need to be knocked down in an effort to build up the street to be Buffalo's version of Thayer.

  10. Emjay

    2 ratings12345
    Aug 6th 2007, 18:33

    Sounds like a good program in theory but for hamlin park, i dont think it has any shot in terms of increasing home ownership. there is wayyyyy too much of a thriving rental market that has pushed the price of properties close to 100,000. As a former resident of the neighborhood, everytime I see a sale in the neighborhood, it is to a college landlord. It will be very interesting to see what direction this neighborhood takes in the next decade. I see it full of nothing but college students (which isnt necessarily bad) as older residents continuously sell to investors. Even Canisius has begun to donate their college owned homes to habitat for humanity in an effort to stabilize the area by encoruaging owner occupancy and in the grand scheme of things doesnt look like it will do much to stop the tide of college students. By the way, Canisius is welcoming its largest freshman class in history for the 2008 school year. But we will see I guess.

  11. Denizen

    3 ratings12345
    Aug 6th 2007, 19:26

    Mel has a valid point. One of the biggest shortcomings of Hamlin Park is that is has no commercial core to speak of. I'm sure the throngs of Canisius students that live in the neighborhood would love to have some shops and eateries to walk to. And no, that awful stripmall on the corner of Main and Delevan doesn't count.

  12. Andrew

    1 ratings12345
    Aug 6th 2007, 23:05

    ^^Holy crap i couldnt agree more!!!!!! As a canisius student there is NO WHERE to go unless you take the train downtown to spot coffee or drive/bus to elmwood, either way its a hike. What i would give for a Jims Steak Out, Coffee shop (which we might get in the library soon), Mighty Taco or some other drunk food. Not to mention all the rich folk could spend there money in national retail stores in the area rather than going to the mall every weekend. I WISH this neighborhood could get some retail space but i think it would be hard w/ the zoneing laws. I dont know why first stories of homes couldnt be small business like on elmwood.

  13. westsidemike

    0 ratings12345
    Aug 7th 2007, 07:38

    Unfortunately, some of the comments about Grant-Ferry are what is constantly repeated throughout the area. When's the last time you visited the area? Been to Guercio's? Did anyone watch the video about the building at Grant and Lafayette? There are things happening on Grant, but it's not going to change over night. As a group we've been working in the area for 4 years. It takes time, investment and a little hope. Everyone is quick to write it off, but there are a lot of nice homes and good homeowners in the area that would love for it to become more stable. I believe that's the whole point of the "Neighborhoods of Choice" Program. Or should the money go to Hertel or Elmwood?

  14. parkman

    0 ratings12345
    Aug 7th 2007, 08:23

    actually, when you think of the criteria for this plan, think lower west side between the west village and kleinhans area, plenty of commercial developmentsurrounds it, both bordering neighborhoods are excellent examples of how grass root efforts make positive change, and to quote even more "historic homes of unparalleled beauty, easy access to parks, parkways and waterways, proximity to vibrant commercial streets, [and are] near institutions of higher learning and other community assets." so, hamlin park, and grant ferry were chosen, what happens to the rest of the up and coming areas that just need one more nudge to greatness?

  15. parkman

    0 ratings12345
    Aug 7th 2007, 08:26

    one other point, to secure the initial $15K is a bummer for a lot of homeowners thruout the city

  16. ECB

    0 ratings12345
    Aug 7th 2007, 09:54

    Parkman-

    It doesn't have to be $15K. The homeowner needs to meet half of the loan cost up to $30K. Sure the maximum amount could do a lot for a house, but most owner-occupied homes can benefit greatly from a lesser amount. It's a pretty sweet deal, having your initial dollars doubled, with slightly more than a 25% payback within 15 years.

  17. joshking2

    0 ratings12345
    Aug 8th 2007, 15:36

    Anything helps.

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