KINGSTON – The Kingston City Land Bank is the first organization in the state to close on funding and commence construction under the New York State Legacy Cities ACCESS Program. This is also the land bank’s first development partnership with Maeda Construction, a Certified MWBE general contracting firm based in Staatsburg.
Homeownership counseling services will be provided by PathStone Community Improvement of Newburgh.
The land bank purchased 29 Rogers Street, 63 German Street, 237 East Union Street, and 169 Hurley Avenue from the City of Kingston for the full price of back taxes.
The properties will be fully rehabbed and sold to first-time homeowners. Sales and marketing will commence in mid-2023.
To fund this work, the Community Preservation Corporation provided over $1.4 million in financing and New York State Housing and Community Renewal’s Housing Trust Fund Corporation provided $600,000 in financing.
The Legacy Cities ACCESS Program was established in 2021 to provide resources to New York State Land Banks, MWBE and non-profit developers to rehab vacant 1-3 unit properties into affordable homeownership opportunities for underserved households.
