More than $16.5 million for affordable housing in New York StateStaff writer ▼ | December 29, 2014
Governor Andrew M. Cuomo announced more than $16.5 million has been awarded for the construction of 240 new units of affordable housing across the State.
Good news 240 new units across the State
"All New Yorkers should have a safe and decent place to call home, and today we're taking another step toward making that goal a reality," Governor Cuomo said.
"This funding is jumpstarting affordable housing projects that are shovel-ready and designed to meet the needs of their communities. I am proud that we are helping to build these affordable housing options, because they are making New York an even better place to live and work."
These four projects utilized New York State Homes and Community Renewal's (HCR) Unified Funding Application, a single-source, streamlined process to apply for several funding streams for affordable, multifamily developments.
As part of this process, applicants with shovel-ready projects that supported state housing goals of revitalization and economic development, mixed-income and mixed-use development, workforce housing, and affordable housing preservation received an accelerated application review.
These latest awards come from a pool of $190 million announced by Governor Cuomo earlier this year. In addition to today's awards, two projects in Broome and Madison Counties received funding for critical disaster relief developments in October. ■