Standardized Operating Procedure of Purchase

Own Your Future in East Syracuse – Affordable Condos
Own Your Future! Discover a new path to homeownership at St. Matthew’s Condominiums, where it was designed so that no household will spend more than 30% of their income on total housing costs – including mortgage, interest, HOA fees, and taxes. Located across from East Syracuse Elementary School, this beautifully reimagined historic building, newly reconstructed in 2025, offers a rare opportunity to own a brand-new, energy-efficient home in a vibrant, walkable neighborhood. This 1-bedroom condominium features modern finishes such as Energy Star appliances, quartz countertops, contemporary cabinetry, and efficient ductless mini-split heating and cooling. Each home is separately metered for utilities (water provided by the building) and enjoys access to shared community amenities, including an on-site playground and landscaped outdoor space. Homes are offered through New York State’s Affordable Homeownership Program (AHOP), designed to help moderate-income households achieve ownership stability. For this unit, eligible household incomes range from $58,000-$82,800, depending on household size. Buyers must complete a Home HeadQuarters homebuyer counseling session and sign a regulatory agreement with NYS HFA to ensure long-term affordability. Ownership includes a share of HOA expenses supporting the ongoing care and stewardship of the building. Redev CNY and its partners follow all Fair Housing laws and provide equal housing opportunity.