At a press conference held at Woods Road Park, Onondaga County Executive Ryan McMahon announced that there is $2.3 million available in a loan fund . The money comes from Empire State Development, the state economic development agency, as part of a $30 million revitalization program announced in 2014 for Solvay and the west shore of Onondaga Lake.
Previously, the loans were only available in the village of Solvay, were capped at $15,000, could only be used for exterior work, and were repayable over seven years.
In addition to loans, low- and moderate-income homeowners may qualify for grants to cover 25% of their improvements. Landlords can get loans at 5% interest for rental properties.
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