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Syracuse City staff preview rental rehabilitation program; board debates rent caps, AMI bands and landlord incentives
Summary
Staff presented draft terms modeled on an Invest DSM template — proposing a 30% program/70% owner cost share and affordability periods tied to grant size — and board members raised concerns about displacement risk, enforcement and landlords gaming rules.
Speaker 4 introduced draft terms for a rental rehabilitation program and said staff used Invest DSM’s rental property template as a starting point. “The structure for how the Invest DSM program was set up for rental properties, they had a cost share of 30% covered by the organization, 70% of the work covered by the rental property owner,” Speaker 4 said.
Staff listed proposed affordability terms that would link the amount of assistance to a required affordability period: “If you're doing $15,000 up to…
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