SYRACUSE, N.Y. -- Attorney General Eric Schneiderman was in Syracuse announcing the first round of grants under the Land Bank Community Revitalization Initiative. The money will go towards helping rebuild local neighbors hit hard by the housing crisis.
The Syracuse land bank received $3 million, something officials say they're very grateful for.
"With that support, we are going to be able to take ownership of approximately 2,000 vacant properties and make them available for the first time to private investors who can come into our neighborhoods and invest in the future that our community wants to realize. And turn these vacant properties from eyesores to assets," said Katelyn Wright, Executive Director of the Greater Syracuse Property Development Corporation.
The two year, $20 million program is meant to restore vacant and abandoned properties throughout the state.