Governor Kathy Hochul is touting more than $240 million in state and federal tax credits and subsidies to create or preserve 1,800 affordable homes across New York — but none of the projects are located in the heart of the Central New York or Finger Lakes.
The governor’s office says the funding will support 27 housing developments “in every region of New York,” including projects with supportive services, senior housing and accessible units.
The awards come through New York State Homes and Community Renewal’s Low-Income Housing Tax Credit funding round. The package includes $66 million in federal and state tax credits and $176 million in subsidy loans. State officials say the projects are expected to generate $1 billion in overall investment when combined with private funding.
Hochul framed the funding as part of her five-year, $25 billion Housing Plan, which aims to create or preserve 100,000 affordable homes statewide.
“The housing crisis won’t solve itself,” Hochul said. “That means building more housing in every region and making targeted investments to expand affordable homes for people of all ages and phases of life including working families, seniors, and people living with disabilities.”
Central New York — but not Cayuga
In Central New York, the funding goes to three projects: Cortlandville Commons in Cortland County; Jordan Landing in the Village of Jordan in Onondaga County; and Marcellus Manor in the Town of Marcellus, also in Onondaga County.
Together, those projects will add or preserve 205 units in Cortland and Onondaga counties.
None of the funding in this round goes to Cayuga County, which sits squarely in the center of the Central New York region.
Finger Lakes — but not Ontario, Seneca, Wayne or Yates
The governor’s announcement also lists the Finger Lakes region. However, the only project in that category is Midvale Commons Phase 2 in the Town of Perinton, Monroe County.
That project will construct 28 bungalow-style affordable units for seniors.
No projects were awarded in Ontario, Seneca, Wayne or Yates counties — all counties widely considered part of the Finger Lakes region and central to this coverage area.
Most of the remaining funding goes to projects in the Capital Region, Long Island, the Mid-Hudson Valley, Mohawk Valley, New York City, the North Country, Southern Tier and Western New York.
Focus on accessibility and climate goals
State officials highlighted new design guidelines adopted in 2025 that prioritize accessibility. HCR says the updated scoring incentives led to a 33 percent increase in fully accessible units for residents with mobility, hearing or visual impairments.
Many of the projects will include on-site solar installations or electrification upgrades through the state’s Multifamily Solar Program and Clean Energy Initiative, both supported in partnership with NYSERDA. The administration says the developments align with the state’s goal of reducing emissions 85 percent by 2050.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said the funding will provide “1,800 individuals and families the opportunity to find modern and sustainable homes they can afford in every region of the state.”
While the announcement emphasizes statewide reach, the absence of projects in Cayuga, Ontario, Seneca, Wayne and Yates counties means that, at least in this funding round, the immediate suburbs of Syracuse and Rochester benefited — not the rural core counties often grouped under the Central New York and Finger Lakes banners.
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