42 Plymouth has been renovated in a partnership with a neighborhood resident and HOCN board member who purchased this house, strategically located in the middle of the targeted block.
HOCN next moved on to 23 Plymouth Avenue, a once vacant and decrepit
property that is now home to an income-qualified hard working mother
and her daughter.
Following the successful collaboration on 42 Plymouth, HOCN was able to
purchase and restore the property next door, 44 Plymouth.
Less than 2 blocks from the College property, this house is located at
the corner of Maryland and Malta, in a stable section of Maryland and
sits across the street from 3 in-fill new builds constructed by the
City 10 years ago. The Community Preservation Corporation provided
permanent financing on this project ($60,000) and the remaining 2000
Wendt grant award were used to cover the $17,500 rehab plus closing
costs. The Lower West Side has an urgent need to pent up demand for
good quality rental units. Completed in August 2004, one unit is rented
to a single mother and her young son; the other two are being marketed
to low/mod renters.
The renovation of the former Norban's into Buffalo's first downtown
hostel was HCN's first renovation project, completed in 1998. The
project saved an architecturally interesting, small commercial
structure and had brought international travelers into the heart of the
City.
This once vacant, dilapidated building was purchased and rehabilitated
by two dedicated HCN Board Members. In partnership with other Board
Members and neighborhood volunteers, they converted one unit into the
business office for HCN and the other into a two-bedroom residential
unit.
Completed in 2000 at a cost in excess of $400,000 as 6 market rate,
2-bedroom rental units. Prior to the city deeding this property to HCN,
this turn of the century building had been abandoned and was occupied
by vagrants, creating serious security and quality of life issues for
the residents of Georgia-Prospect and the students at Hutch-Tech High
School, located across the street. This was one of the pioneering,
downtown market-rate rental projects that have since been followed by a
series of very successful, privately developed units throughout the
downtown core.
This property, at a highly visible intersection in the heart of
Allentown, was in the hands of an absentee landlord. It had fallen into
disrepair and had become a fire hazard due to the excessive amount of
"collectables" stored in the house. In 2001, HCN conducted an extensive
renovation of this 1880's home, using a combination of Wendt, LISC, NYS
HOME funds and a Fannie Mae grant. The original buyer put the house on
the market and it recently sold for $128,000. The Allentown Association
and Kleinhans Community Association view this as a very successful
project that has served to stabilize the entire block. Two other recent
sales on this block of college have been in excess of $100,000, well
above their assessed value. This is even more remarkable given the
average assessment on this block is only $44,320.
Bought in partnership with West Side Neighborhood Housing Services,
this home has been sold to an individual who has completely restored
the property to its original single-family configuration.
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