In May 2023, the city completed the Syracuse Housing Study which analyzed local markets and explored some of the root challenges in the creation of quality, affordable housing. The study concluded with two major findings
- One is that much of the housing in Syracuse has been neglected for decades. As a result, property values have stopped growing (even accounting for recent price escalations) and the cost of catching up on deferred maintenance and improvements generally exceeds what properties are worth. This puts a great fiscal strain on City government, making it difficult to operate and provide for a high quality of life for residents. This represents a market gap.
- The other is that despite significant degradation, housing is still too expensive for many, making it very difficult for low-income households to succeed. This represents an affordability gap.
As a part 2 to the study, we are working to develop a strategy that solves for both issues. Tuesday from 5:30 pm to 7 pm, there will be an Open House where residents and organizers can provide feedback on housing issues, ask questions, and receive updates on analysis and draft strategy work. We welcome everyone to attend – even for a short among of time – and share their input and experience especially if you live in Syracuse or work with populations affected by the housing crisis. The format of the event will be Open House Style, so feel free to come and go as needed.
