Governor Kathy Hochul announced a $412 million investment to create and preserve nearly 1,100 affordable homes in New York City, the Finger Lakes, and the Hudson Valley. This funding is aimed at expanding the state’s housing supply and providing secure, healthy living conditions for individuals and families across various communities.
The initiative is part of Hochul’s ambitious $25 billion Housing Plan, intended to tackle the housing shortage in New York State. “This funding will generate modern, sustainable housing opportunities, complete with services to improve the lives of New Yorkers,” Hochul stated, emphasizing the project’s focus on affordability and sustainability.
Among the projects funded, the Sunlight Lane Apartments in Geneva will receive $15.2 million for the construction of 78 affordable homes for low- and moderate-income households. This net-zero development will feature fully electric facilities and rooftop solar panels, highlighting the state’s commitment to environmentally friendly housing solutions.
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