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Schenectady hosts 8th Open House Weekend
Posted at: 09/30/2012 11:07 PM
| Updated at: 10/01/2012 9:40 AM
By: Dan Bazile
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SCHENECTADY - For Brenda Loveless-Shaw, it was an opportunity to participate in the rebuilding of her hometown.
“I just like the atmosphere of renewal, new beginnings.”
The Schenectady native recently moved back with her family from Indiana and felt the "Home Ownership Made Easy in Schenectady" event was the best place to start looking for a home.
“What a better opportunity to come down where there's all kinds of information, vendors and you actually can talk to the people at city hall.”
Mayor Gary McCarthy, the Schenectady school superintendent, along with representatives from Key Bank, Prudential and other real estate professionals packed a hallway in city hall -- all of them ready to answer questions from prospective home buyers like Loveless-Shaw -- looking for a good deal.
The event is part of the mayor's plan to sell properties that have been foreclosed on in the city.
The mayor said today, “Some are just vacant lots. Some are homes that are in fairly good shape. Some are homes that need more work.>
So far, the city took over more than 150 homes -- some of them in blighted areas. The city plans to partner up with contractors, renovate the homes, sell them at a higher price on the market and split the profit.
According to Mayor McCarthy, “We did these foreclosures, people just were not paying their taxes for five six years, sometimes more.”
McCarthy says this process will bring the homes back into the tax rolls while helping the mayor close a multimillion dollar budget gap.
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