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Diplomas to Homeownership Program Would Assist Land Banks
For many New Yorkers, high student-loan debt and the cost of living can make it difficult to achieve the dream of owning a home. As a result, fewer people may be able to invest in homes in our local communities. Legislation I sponsor, known as the New York State (NYS) Diplomas to Homeownership Program, would […]
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For many New Yorkers, high student-loan debt and the cost of living can make it difficult to achieve the dream of owning a home. As a result, fewer people may be able to invest in homes in our local communities. Legislation I sponsor, known as the New York State (NYS) Diplomas to Homeownership Program, would incentivize graduates of New York state colleges to purchase homes rehabilitated by local land banks.
The NYS Diplomas to Homeownership Program legislation is modeled after programs that have worked in other states such as Rhode Island and Maryland. It is designed to help college graduates achieve the goal of buying a house and at the same time help strengthen and revitalize neighborhoods. Essentially, the legislation would provide college graduates who purchase a house rehabilitated by local land banks with up to $15,000 to be applied to their student-loan debt. The award would be equal to 10 percent of the purchase price of the home. In order to qualify, buyers need to be graduates of New York state high schools and New York state colleges and would also be required to remain in the home for at least five years.
Land banks are relatively new to upstate New York. In 2011, New York State law authorized the creation of up to 25 land banks throughout the state. They are public entities and each share the common goal to acquire and repurpose vacant, abandoned, and foreclosed properties. Their mission is to specifically target these types of properties in order to assist in rehabilitating neighborhoods and communities. There are now 23 land banks in New York state — all aiming to eliminate blight, return abandoned properties to productive use, and ultimately get them back on the tax rolls. In just a short time, the land banks have been successful and have collectively improved more than 2,000 properties and incentivized an estimated $75 million in private investment. Further, they have razed almost 500 blighted structures, sold more than 650 properties, and as a result, have added almost $30 million in assessed value to the tax rolls. This is all helping to revitalize neighborhoods.
In addition to assisting recent grads, the NYS Diplomas to Homeownership program would help land banks secure buyers for the rehabilitated properties and create new demand for the housing. This demand has the potential to reduce the amount of time the properties spend on the market and, thus, presumably reduce the amount that land banks spend on marketing properties. This would enable land banks to realize a return on their investments sooner rather than later, which would encourage them to rehabilitate additional properties and essentially make the land banks more sustainable.
In addition, NYS Diplomas to Homeownership has the potential to maximize state investment by creating a link between young professionals who have invested in their education directly with local revitalization efforts. This program would work to encourage talented, young people to be a part of Upstate revitalization and to stay in New York state.
I look forward to advocating for this legislation this session. I will also push for funding for land banks in the 2018-19 budget.
William (Will) A. Barclay is the Republican representative of the 120th New York Assembly District, which encompasses most of Oswego County, including the cities of Oswego and Fulton, as well as the town of Lysander in Onondaga County and town of Ellisburg in Jefferson County. Contact him at barclaw@assembly.state.ny.us, or (315) 598-5185.
Dermody, Burke & Brown, CPAs, LLC
Dermody, Burke & Brown, CPAs, LLC has promoted MICHAEL BURT to manager in its Tax Department. He joined the accounting firm in 2012 and has more than 19 years of tax and accounting experience. Burt, a CPA, received his bachelor’s degree in accounting and an MBA from SUNY Oswego. NATASHA NEWBURY has been promoted
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Dermody, Burke & Brown, CPAs, LLC has promoted MICHAEL BURT to manager in its Tax Department. He joined the accounting firm in 2012 and has more than 19 years of tax and accounting experience. Burt, a CPA, received his bachelor’s degree in accounting and an MBA from SUNY Oswego.
NATASHA NEWBURY has been promoted to manager in the firm’s Auditing and Accounting Department. She received a bachelor’s degree from SUNY Oswego. Newbury has more than 10 years of experience with employee-benefit plans and financial institutions, along with other industries. She also speaks at various colleges and high schools throughout the year, promoting the accounting profession.
GREGORY SMITH has been promoted to manager in the Tax Department. He joined Dermody, Burke & Brown as an associate in 2011. Smith graduated from SUNY Oswego with a bachelor’s degree and an MBA. He is a CPA and also a QuickBooks Pro Advisor.
Fust Charles Chambers LLP has hired MICHAEL M. O’CONNOR as an audit manager. He joins the firm with more than eight years of experience in the public accounting industry. O’Connor received his bachelor’s degree in accounting from St. John Fisher College and is a CPA.
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Fust Charles Chambers LLP has hired MICHAEL M. O’CONNOR as an audit manager. He joins the firm with more than eight years of experience in the public accounting industry. O’Connor received his bachelor’s degree in accounting from St. John Fisher College and is a CPA.
Nagle Athletic Surfaces has promoted SERGE SILVA to senior track technical sales representative. He started his career at Nagle in 1992 as a field technician and has played an integral role in the growth and development of Nagle Athletic Surfaces court and track divisions. Silva has been responsible for selling and coordinating numerous projects at
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Nagle Athletic Surfaces has promoted SERGE SILVA to senior track technical sales representative. He started his career at Nagle in 1992 as a field technician and has played an integral role in the growth and development of Nagle Athletic Surfaces court and track divisions. Silva has been responsible for selling and coordinating numerous projects at colleges and high schools across New York and Pennsylvania.
CODY MILLER has joined Community Bank N.A. as commercial banker in its Johnson City office. He joins Community Bank from Wells Fargo. During his five-year tenure at Wells, he served in a variety of positions, including teller, business banking credit analyst I and II, and most recently as commercial banking portfolio manager. Miller earned his
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CODY MILLER has joined Community Bank N.A. as commercial banker in its Johnson City office. He joins Community Bank from Wells Fargo. During his five-year tenure at Wells, he served in a variety of positions, including teller, business banking credit analyst I and II, and most recently as commercial banking portfolio manager. Miller earned his bachelor’s degree in economics from California State University, Sacramento.
Strategic Financial Services, Inc. announced that GREGORY A. MATTACOLA has joined as a financial advisor. His background includes providing leadership and counsel to families, businesses, and institutions across New York state. Mattacola was the founder of The Mattacola Law Firm, VP/in-house counsel to Rome Memorial Hospital and most recently counsel to Hancock Estabrook, LLP. He
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Strategic Financial Services, Inc. announced that GREGORY A. MATTACOLA has joined as a financial advisor. His background includes providing leadership and counsel to families, businesses, and institutions across New York state. Mattacola was the founder of The Mattacola Law Firm, VP/in-house counsel to Rome Memorial Hospital and most recently counsel to Hancock Estabrook, LLP. He earned his law degree at the University at Buffalo School of Law and his bachelor’s degree at St. Bonaventure University with a dual major in English/political science.
STEVE CAMPBELL has been named partner at S.E.E.D. Planning Group, LLC, in Binghamton. A graduate of both Rutgers and Binghamton University, he joined the firm in May 2017, working as the director of community engagement. Campbell’s primary concentration includes strengthening the bond between S.E.E.D. and the community.
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STEVE CAMPBELL has been named partner at S.E.E.D. Planning Group, LLC, in Binghamton. A graduate of both Rutgers and Binghamton University, he joined the firm in May 2017, working as the director of community engagement. Campbell’s primary concentration includes strengthening the bond between S.E.E.D. and the community.
Loretto recently promoted three of its employees to executive positions. JOELLE MARGERY has been named VP of skilled nursing. She has been at Loretto for more than 10 years, and previously served as director of nursing for Loretto Health & Rehab. Margery also has experience working in several inpatient and outpatient settings before joining Loretto,
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Loretto recently promoted three of its employees to executive positions. JOELLE MARGERY has been named VP of skilled nursing. She has been at Loretto for more than 10 years, and previously served as director of nursing for Loretto Health & Rehab. Margery also has experience working in several inpatient and outpatient settings before joining Loretto, including labor & delivery, the intensive-care unit, and short-term rehabilitation. She earned her RN degree from St. Elizabeth College, her bachelor’s degree from Southern New Hampshire University, and is a certified legal nurse consultant.
JENNIFER INGERSON has been promoted to VP of housing. She has been at Loretto for more than 25 years, and previously was the executive director of housing. Ingerson also had several years of experience as a senior housing consultant for organizations across the Northeast and managed other senior housing programs for Loretto. She holds a master’s degree in health-services management from the New School of Social Research, Green Belt certification in Lean Six Sigma, and is a graduate of CenterState CEO’s Executive Leadership Development Series.
STEPHANIE BUTTON has been promoted to VP of PACE CNY. She has been with Loretto and PACE CNY for more than 15 years, and previously served as executive director of PACE CNY. Button also has several years of social-services experience with nursing homes in the Bronx, Queens, and Newark, New York. She holds a master’s degree in social work from Syracuse University, with a certificate of achievement in gerontology from the Maxwell School of Citizenship and Public Affairs, and a bachelor’s degree in sociology from St. Bonaventure University.
Digital Hyve has added two new employees. ASHLEY NEAL is the company’s first creative project manager. She graduated from Nazareth College with a degree in visual communication design and a minor in psychology. Before joining Digital Hyve, Neal worked at the Cause Collaborative in Rochester as an art director. CJ SANTOFERRARA is an account
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Digital Hyve has added two new employees. ASHLEY NEAL is the company’s first creative project manager. She graduated from Nazareth College with a degree in visual communication design and a minor in psychology. Before joining Digital Hyve, Neal worked at the Cause Collaborative in Rochester as an art director.
CJ SANTOFERRARA is an account coordinator at Digital Hyve. A recent graduate of Elmira College, he earned a bachelor’s degree in business administration, with concentrations in marketing and management. Prior to joining the company full time, Santoferrara was an intern at Digital Hyve.
The Salvation Army Empire State Division has promoted KRISTI BRENNAN to director of planned giving. She joined the nonprofit in 2015 as planned-giving representative and received her chartered advisor in philanthropy (or CAP) professional designation from the Richard D. Irwin Graduate School of the American College of Financial Services in Bryn Mawr, Pennsylvania. Brennan received
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The Salvation Army Empire State Division has promoted KRISTI BRENNAN to director of planned giving. She joined the nonprofit in 2015 as planned-giving representative and received her chartered advisor in philanthropy (or CAP) professional designation from the Richard D. Irwin Graduate School of the American College of Financial Services in Bryn Mawr, Pennsylvania. Brennan received a bachelor’s degree in English from Hartwick College.
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