As part of NY Governor Hochul’s $25 billion, 5-year statewide housing plan, $104 million has been awarded to 16 developments throughout New York for the creation and preservation of 864 affordable houses.
These awards are being provided through New York State Homes and Community Renewal’s Multifamily Finance RFP.
As reported by Homes and Community Renewal, the awards that were given include:
$7.3 million for The Riverview Apartments in the village of Corinth, Saratoga County.
$6 million for Elmer Gardens in the city of Schenectady’s Eastern Avenue neighborhood.
$5.5 million for the Wheat Street Apartments in the village of Cayuga, Cayuga County.
$5.3 million for Community View Apartments in the village of Morrisville, Madison County.
$10.7 million for the Baird Road Senior Apartments in the town of Perinton, Monroe County.
$1.1 million for School House Manor in the village of Oakfield in Genesee County.
$3.1 million for Baldwin Commons in the hamlet of Baldwin in the town of Hempstead, Nassau County.
$3 million for 41-51 Maple in the village of Croton-on-Hudson, Westchester County.
$4.9 million for Artspace Utica Lofts in the city of Utica.
$16.2 million for Boone Avenue Apartments in the Bronx.
$12.7 million for Concern Logan on Pitkin Avenue in Brooklyn.
$6.9 million for Freedom Village on East 2nd Street in Manhattan’s Bowery neighborhood.
$6.5 million for Saranac Lofts in the village of Saranac Lake, Franklin County.
$6 million for Village Grove in the village of Trumansburg, Tompkins County.
$5 million for Mt. Olive Senior Manor on the city of Buffalo’s East Side.
$4 million for Victoria Place in the village of Kenmore, Erie County.
Coupled with the State’s investment, the 16 awarded developments will unlock a total of $371 million into local economies by leveraging an additional $267 million in public and private sources.