Archive: Business & Technology

Ithaca Neighborhood Housing Services (INHS) is offering six new homes for sale in the city of Ithaca at an open house on Saturday, January 23 from 11 a.m. to 2 p.m. They are slated to become the first homes to be sold under the Community Housing Trust.

The Trust has been established by Ithaca Neighborhood Housing Services in order to build an inventory of homes in the County that will remain permanently affordable. The buyer in turn benefits by being able to purchase a home at a very affordable below-market price. An information session about the Trust is being conducted by INHS’ Executive Director Paul Mazzarella from 12:30 to 1:30 that Saturday at the Henry St. John’s Building located at 301 S. Geneva Street, just a few blocks away from the Corn Street homes. Prospective homebuyers are especially encouraged to attend.

The six new homes are located at 313 and 317 Corn Street in Ithaca’s Southside neighborhood and 407 and 409 Elm Street in the West Hill neighborhood. Each offers its own appealing features and varies in size from 2- to 3-bedroom. One even has an attached one-bedroom apartment to help pay the mortgage. A seventh house located at 709 Hancock Street is also part of the open house. It has been completely renovated but will not become part of the Housing Trust.

All these homes are addressing long-term affordability because they have been built to be extremely energy-efficient. That translates to big savings on heating and electrical bills. In fact, the new homes will be LEED certified, a widely recognized rating system that evaluates “green” building construction. Come see how these homes have incorporated energy-saving techniques.

Funding assistance from the City of Ithaca Home Investment Partnerships Program, Home Depot, and NeighborWorks America will allow INHS to sell these homes at attractive prices starting at under $98,500. One of INHS’ primary goals is to promote homeownership especially to households of lo income. In accordance with this goal potential buyers of these homes must meet income guidelines to qualify.

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