Rensselaer Magazine, Fall 2003: At Rensselaer

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Neighborhood Renewal

Rehab Grants Available to Local Residents

Rensselaer’s Neighborhood Renewal Initiative has acquired $240,000 in federal funding for quality of life improvements for local homeowners. The money — which will be parceled out as 30 grants of $8,000 each — will be used to remedy code violations and structural problems, improve energy conservation, and address life safety concerns for low-income owner-occupied properties.

The Hillside Homeowner Rehab Program, as it is called, will use Federal Home Loan Bank of New York System funds to help income-qualified homeowners fix up buildings in the neighborhoods directly surrounding Rensselaer.

Through the Neighborhood Renewal Initiatives, Rensselaer works with several local organizations to raise homeowner occupancy rates in Troy. The Institute has committed $2.3 million in recent years to programs ranging from homeownership grants to roadway improvements, and expects to contribute approximately $45,000 more with the Hillside Homeowner Rehab Program.

“One of President Jackson’s visions for Rensselaer — through programs like the Neighborhood Renewal Initiative’s Hillside Homeowner Rehab Program — is to build ‘communiversity’ partnerships that will boost the quality of life in and around campus,” said Barbara Nelson ’80, project manager for campus planning and facilities design. “Through this initiative, we expect to directly enhance the living conditions for homeowners and their tenants, and we look forward to seeing improved appearances along our campus gateways, and increased community pride.”

Rensselaer Magazine: Fall 2003
President's View	Your Mail	From the Archives	Hawk Talk	Class Notes Features

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