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SCHENECTADY, N.Y. -- Schenectady Mayor Gary McCarthy announces phase two of his keys to the city program called HOMES, or home ownership made easy in Schenectady.
McCarthy said in the past, the program focused more on move-in ready homes. But now, the Mayor's focus moves to city foreclosed homes that are in need of rehab. McCarthy said he hoped to show interested buyers, contractors and developers that even distressed properties have potential by making his announcement on the lawn a home that he plans to have renovated.
Mayor McCarthy said, “It's kind of the diamond in the rough. So we're going to fix this house up. Have the before and after, take people through and show it in terms of its potential. And then have people approach other houses working with Key Bank and our other lenders and then they can put a package together, buy a house, rehabilitate it, move into it and call it a home. "
Also on hand to support inquiries from buyers, were representatives from Key Bank, Prudential Manor Homes, and Schenectady City School District.