The City of Ogdensburg’s Neighborhood Stabilization Program was initially funded under the Housing and Economic Recovery Act (HERA) of 2008. The program provided funding that enabled the City to rehabilitate or demolish and redevelop, residential property that was vacant, abandoned, foreclosed or in danger of foreclosure. These properties have a deteriorating effect on neighborhoods. The financial investment in the redevelopment of these properties helps to stabilize the neighborhood and promotes continued investment in the community.
The properties are resold as rehabilitated homes, or as building lots with subsidies available for down-payment, rehabilitation or construction. Program income resulting from the sale of these properties creates a base of funding which the City uses to continue these activities and offer a diverse selection of home ownership opportunities throughout the City. Home ownership opportunities such as existing homes and available building lots are sold, within the program guidelines, as they become available.