A $150 million fund aims to jump-start thousands of new homes as Micron ramps up its massive Central New York project, according to The Citizen. The Housing Central New York Fund will invest $30 million from Empire State Development and $120 million from partners, including Micron Technology.
Leaders want at least 2,500 housing units built over seven years across Cayuga and five other counties. A state study says Micron’s growth could demand 30,000 more homes regionwide.
Community Preservation Corporation will run the fund. Projects must meet affordability targets and sit in state-certified pro-housing communities. Officials say the effort will help families and workers keep pace with Micron’s $100 billion investment in Clay.
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