Web Desk:<\/p>\n
According to the national media, New York State Governor Kathy Hochul announced that more than $370 million has been awarded to NYS for 10 projects meant to boost affordable housing projects.<\/p>\n
The money, which includes a mix of bonds and subsidies, will help “create or preserve” 1,600 homes statewide, her office said.<\/p>\n
Hochul has made expanding housing a key priority in her 2023 agenda, with the multi-year goal of reaching 800,000 new units to expand stock and reduce costs.<\/p>\n
“As our state stares down a severe housing crisis, this investment to create and preserve more than 1,600 new homes marks an important step toward addressing New York’s housing shortage,” Hochul said.<\/p><\/blockquote>\n
Kathy Hochul said, “Building, preserving, and stabilizing our housing supply is a top priority for my administration, and I remain committed to bringing forth solutions – like the New York Housing Compact – to ensure that we have ample, safe, and affordable housing for anyone who wants to call New York home.”<\/p><\/blockquote>\n
The money announced includes funding for projects statewide, and when combined with private-sector funding, accounts for $600 million in spending.<\/p>\n
In Saratoga Springs, $61.6 million will be used for the Tait Lane Reserve, creating 202 affordable apartments. Buffalo’s North Park neighborhood is receiving a $40.1 million project for Pan American Square, which will include the construction of 150 homes.<\/p>\n
In Kingston, $39.6 million is used for the Stuyvesant Apartments as part of a rehabilitation project.<\/p>\n
And in New York City, more than $20 million in capital improvements will be used for a Mitchell-Lama cooperative with 385 affordable homes in Hamilton Heights in Manhattan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Web Desk: According to the national media, New York State Governor Kathy Hochul announced that more than $370 million has been awarded to NYS for 10 projects meant to boost affordable housing projects. The money, which includes a mix of bonds and subsidies, will help “create or preserve” 1,600 homes statewide, her office said. Hochul […]<\/p>\n","protected":false},"author":5,"featured_media":28060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1469,31],"tags":[],"class_list":["post-28059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-news"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/28059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=28059"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/28059\/revisions"}],"predecessor-version":[{"id":28061,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/28059\/revisions\/28061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/28060"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=28059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=28059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=28059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}