header graphic
 
spacer
 
spacer
Homeownership Program

Within the coming year, Onondaga County Community Development expects to purchase, rehabilitate, and sell a number of single family dwellings.  These homes will be available at a subsidized price for first-time homebuyers who meet program guidelines.

WHAT KIND OF HOMES ARE AVAILABLE?

Community Development's Homeownership Program offers existing homes, which were often vacant and dilapidated, that have been purchased and rehabilitated using Federal and State funds. Houses are scattered around the County, outside the City of Syracuse.

Click Here to View Current Houses for Sale

Preview upcoming properties

WHAT IS THE COUNTY'S ROLE?
Acquire and rehabilitate houses according to the applicable codes and program guidelines.
Notify people on the mailing list when houses are ready for sale.
Meet with each prospective buyer who signs a purchase contract.
Select the actual buyer through a lottery drawing among eligible prospective buyers.

WHAT DOES THE REALTOR DO?
Show the houses to interested people. Pre-qualify prospective buyers according to program guidelines. Refer buyers to partner lenders (Home Headquarters, Solvay Bank, Seneca Savings and Geddes Federal Savings and Loan though any mortgage provider may be used). Prepare purchase contracts and related documents.

HOW MUCH DO THE HOUSES COST?
Prices will vary depending on the cost to buy and rehab each house. Sale prices will not be negotiable. The houses will typically cost between $85,000 and $110,000 before the subsidy is applied.

WHO IS AN ELIGIBLE BUYER?
To be eligible, a famiily must have a gross income below the maximum shown below, must be a first-time buyer, and must qualify for a mortgage. Please note that both husband and wife, or if unmarried, both partners must attend homebuyer counseling, must be co-borrowers on the mortgage and must be named on the deed as co-owners.

Using the chart below, find your family size in the first column. The second column tells you what your family's maximum annual income can be for you to still qualify for the homeownership program. Your income can be less than the maximum. Gross income of all family or household members from all sources must be included.

Family Size Income Limit
1 $38,100
2 $43,550
3 $49,000
4 $54,400
5 $58,800
6 $63,150
7 $67,500
8 $71,850

HOW MUCH IS THE SUBSIDY?
The maximum subsidy varies based on household income, housing expenses, and subsidy source. Generally, the subsidy will be secured by a second mortgage due only if the property is sold within ten (10) years.

WHAT SHOULD I DO IF I'M INTERESTED?
Add your name and address to our Mailing List. Watch your mail or email for letters announcing houses for sale. Go to the Open Houses. Complete Homeownership Counseling through an education provider listed below. This counseling is required of all buyers, and is a good idea even if you don't buy a house through the County.

HOMEBUYER EDUCATION

Home HeadQuarters and Southern Hills Preservation Corp. offer homebuyer education courses that meet the requirements of the Community Development Homeownership Program and are free to those buyers who contract with Community Development for purchase of a home. Find out more information online at Southern Hills Preservation Corp or Home Headquarters, Inc.

For further information, contact:

ONONDAGA COUNTY COMMUNITY DEVELOPMENT
421 Montgomery St., 11th Fl.
Syracuse, New York 13202 435-3558

Fair Housing Laws prohibit discrimination in the sale or rental of housing based upon race, color, religion, sex, age, marital status, handicapped or familial status, or national origin.

 
 
Division of Community Development, 421 Montgomery Street, Syracuse, NY 13202

 
© 2001- 2017 Onondaga County, New York  All Rights Reserved.   |  Ongov.net  |  Privacy Statement | Directions & Parking | Language or Disability Access Assistance