State Sen. Sean Ryan unveils four-part plan to address Buffalo’s housing crisis

State Sen. Sean M. Ryan is pushing a five-year plan that calls for housing reform in Buffalo and other upstate cities that would create hundreds of starter homes, provide incentives for landlords to fix substandard rental properties, help homeowners save on energy costs and ease homelessness.

Ryan believes his โ€œholisticโ€ four-part plan will help address Buffaloโ€™s generational shortage of high-quality, affordable homes and rental units in Buffalo, bolstering the cityโ€™s economy and growing its population.

โ€œBuilding more housing thatโ€™s on the tax base is good for the local community,โ€ Ryan told The Buffalo News in advance of a related presentationย Thursday afternoon at the Crane Branch Library on Elmwood Avenue.

โ€œEach of these programs do more than help the individual,โ€ he said. โ€œThey help the community.โ€

Buffaloโ€™s housing challenges are different from New York City, so the approaches upstate should be different, said Ryan, D-Buffalo.

Regardless, he said, challenges addressing access to quality, affordable housing across cities statewide have been magnified by โ€œdecades of disinvestment.โ€

He proposes a multifaceted approach to address them.

New homes

The first proposal includes construction of 2,000 starter homes in Buffalo over five years, at an estimated cost of $800 million. The state Division of Housing and Community Renewal would provide subsidies to incentivize the construction of one- and two-family houses that can be sold to buyers with low to moderate incomes.

That includes those who can afford monthly mortgage payments but have been pushed out of the market due to high interest rates and expensive home prices. Ryan said this plan will also add to the cityโ€™s tax base.

Rental property repairs

A significant number of Buffalo rental properties are in various states of disrepair. Ryan proposes a grant program to improve 4,000 affordable rental units every year across four upstate cities, including 1,500…

Read the full article here


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *