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

Kate Weidman, Deputy Executive Director, AURORA of CNY
July 19, 2024

AURORA of CNY Announces Leadership Changes

Weidman will transition into the role of Executive Director following the retirement of current Executive Director Debra Chaiken, ensuring a seamless succession in leadership.

Credit Score 101
July 17, 2024

Credit Score 101 - Everything You Need to Know

Understanding and managing your credit score is a key step towards achieving financial stability and success. 

Larry Bousquet
July 16, 2024

Crouse Health Board of Directors Welcomes Two New Members

The Crouse Health Board of Directors has appointed two new directors.

SUNY Press Release: SUNY Chancellor King Announces Launch of $6 Million Upstate Biotech Ventures
July 16, 2024

SUNY Chancellor King Announces Launch of $6 Million Upstate Biotech Ventures

Upstate Biotech Ventures will invest in Startups and Small Businesses affiliated with Upstate Medical University to drive research and technology innovation.

Home Buyer Seminar
July 15, 2024

Sidney Federal Credit Union Home Buying Seminar

Join us for an information packed hour, designed to help you navigate the mortgage process with confidence!

Impel Acquires Automotive Customer Engagement Platform Outsell in $100M+ Deal
July 15, 2024

Impel Acquires Automotive Customer Engagement Platform Outsell in $100M+ Deal

Adding Outsell’s data-driven outreach capabilities to Impel AI creates the auto industry’s first end-to-end global AI sales and marketing automation platform.

July 15, 2024

Patenting Biotechnology: CRISPR, Antibodies, Diagnostics, and Protein Based Biomaterials

The basic concepts of intellectual property law will be introduced.

Danyel Akins-Barbara Clark_Solvay Bank New Hires
July 12, 2024

Solvay Bank Announces Two Recent Hires

Solvay Bank, the oldest community bank established in Onondaga County, is pleased to welcome two recent hires to its team: Danyel Akins and Barbara Clark.

Harris Beach
July 12, 2024

Harris Beach and Murtha Cullina Partners Approve New Operating Agreement for Combined Firm

Both firms have approved an Operating Agreement that will govern a new, combined firm to be known as Harris Beach Murtha.