Solvay Bank Partners with Syracuse University on Live Local Initiative

Posted on September 19, 2022

Syracuse, N.Y.—Solvay Bank, the oldest community bank established in Onondaga County, is partnering with Syracuse University on its newly announced Live Local initiative to support the City of Syracuse in stabilizing neighborhoods in and around the University.

The expanded program allows all Syracuse University regular full-time and part-time faculty and staff members to finance up to 100 percent of the price of the home, with the University serving as guarantor on the mortgage. In addition to the mortgage loan, those employees will receive Solvay Bank’s best interest rate, will be able to forgo additional mortgage insurance, and be eligible to receive a forgivable home improvement loan valued at 10% of the purchase price (up to $15,000) of the home. The entire mortgage loan process will stay local, including application, underwriting, processing, and servicing.

 

This program was crafted by the University as an initiative for employees to not only help housing in the neighborhoods surrounding campus, but also to provide more opportunities for individuals to afford and buy homes. “This is an important investment in our city, our people, our community and our economy,” says Cydney Johnson, Vice President of Community Engagement and Government Relations at Syracuse University.

 

“We are proud to partner with Syracuse University in an effort to revitalize our downtown neighborhoods and to make more possible for our local community,” says Paul Mello, President & Chief Executive Officer at Solvay Bank. “We appreciate Syracuse University’s commitment to and ongoing partnership with the city to enhance the area we have lived and served for over 105 years.”

 

The Live Local program is now available to all Syracuse University regular full-time and part-time faculty and staff. Interested participants can stop by Solvay Bank or call the Solvay Bank Mortgage Department at 315-484-2205 to learn more about the program details.

 

 

 

###

 

Other Member News

April 12, 2024

Product Development: A Bumpy Path to Success

This session will guide you through the basics of hardware design and challenge you to optimize the manufacturability of your product.

EPV Media (Formerly Edit Point Video) Announces Rebranding and Expansion
April 12, 2024

EPV Media (Formerly Edit Point Video) Announces Rebranding and Expansion

This change reflects our evolution and expanded services, which now include comprehensive video production, social media management, media buying, SEO, and web design.

Oswego Health Golf Tournament
April 9, 2024

Annual Golf Tournament Proceeds to Directly Impact Local Patient Care

As a nonprofit community healthcare system, Oswego Health counts on additional support from generous donors to help deliver outstanding medical care throughout Central New York.

April 9, 2024

Friends of the Rosamond Gifford Zoo to Host Earth Day Festivities

The Friends of the Rosamond Gifford Zoo will host the Novelis Party for the Planet in celebration of Earth Day.

Kyle Arnold PMHNP
April 9, 2024

Oswego Health Welcomes Kyle Arnold, PMHNP to The Center for Mental Health & Wellness for Youth

Arnold is now part of the 100+ physicians and advanced practice providers employed by Oswego Health.

Matthew Guiles Headshot
April 9, 2024

Solvay Bank Announces New Branch Manager for North Syracuse Location

Fox will oversee day-to-day operations, focusing on providing exceptional customer service and working to expand relationships.

Oswego Industries Casino Night
April 8, 2024

Oswego Industries Casino Night

Enjoy a night out Saturday, April 13 at the River Vista Event Center in Fulton with friends.

Oneida Indian Nation’s Wáhta’ Maple Farm Increases its Maple Syrup Production by 35% in its Second Season; Now For Sale at Nation Venues
April 4, 2024

Oneida Indian Nation’s Wáhta’ Maple Farm Increases its Maple Syrup Production by 35% in its Second Season; Now For Sale at Nation Venues

In only its second sugaring season, Wáhta’ Maple Farm has increased the amount of its maple syrup production by 35% and has plans for continued growth.

Manufacturing Summit – Operation Oswego County
April 4, 2024

Manufacturing Summit – Operation Oswego County

This innovative event aims to explore programs tailored to elevate the current and future manufacturing business ecosystem in Oswego County.