July 15, 2020
From The Steuben County Landbank:
Two properties in the Hornell area are up for sale after their selection by the independent Steuben County Land Bank Corporation (SCLBC)., which looks to reclaim and rehabilitate abandoned properties, then sell at reasonable prices A three-bedroom, two-story home at 1480 Chestnut St. in the Town of Hornellsville is on the market, listed $109,000. Built in 1920, the house features a totally renovated kitchen with stainless steel appliances and all new flooring. Buyers must meet Average Median Income (AMI) requirements. The renovated two-bedroom home on 148 Terry St. in the City of Hornell features new roof, renovated windows, flooring, kitchen, bathrooms and updated electrical system. Built in 1900, the house is listed for $84,900 and buyers must meet Average Median Income (AMI) requirements. Average median income is the midpoint between high and low incomes in a given area. An independent corporation, the land bank was approved by the Steuben Legislature in late April 2017 with funds through the state settlements with the nation’s largest banks over misconduct that contributed to the housing crisis. The board represents a joint effort by county and municipal officials, and includes the City of Corning Planning & Economic Development Director and mayors of the Village of Bath and City of Hornell.
The land bank board expects to reduce “neighborhood blight,” keep marketable properties on the tax roll and improve the housing stock in Steuben. SCLBC works closely with Arbor Development to renovate properties to ensure they meet local codes and provide decent housing. The properties may be viewed on realtor.com and are brokered by Keller Williams Realty Southern Tier & Finger Lakes. For more information or a private viewing , contact Margaret Horan (607) 382-5862. The SCLBC reserves the right to decline offers for any reason and is not bound to accept the highest offer in accordance with the SCLBC’s Policies Governing the Disposition of Property.