Goal: Promote policies that protect and develop valuable City and City-based regional assets
Onondaga County, like many communities throughout the State, is faced with the challenge of having limited discretionary resources available to target the needs of an aging infrastructure in its inner core and its older suburbs. To address this situation, SYRACUSE 20/20 believes we need a new model of private/public leadership that unites the region and invests in key strategic regional assets. We believe our region need a mechanism by which we can target development funding to our individual needs including decent affordable housing, stimulate the housing market, address important neighborhood corridors, and working to strengthen neighborhoods through community building and targeted economic development projects.
Syracuse 20/20, Inc., in consultation with a number of community organizations, recommends the creation of Onvest, a Quality Community Investment Trust. SYRACUSE 20/20 proposes that the Trust be capitalized by leaves the specific funding mechanism up to the local elected officials to determine.
Onvest would provide our local community the flexibility to address specialized regional concerns through a dedicated source of local funding. The guiding principle of Onvest would be to reduce the risk and increase the rewards of making investments that protect and create assets that contribute to a quality community particularly with leveraging of private investment, non-governmental revenue and other government funds.