New York State Governor Kathy Hochul has made a significant move to address the state's affordable housing crisis, announcing nearly $350 million in financing to create or preserve over 750 affordable homes. This substantial investment is aimed at providing much-needed housing options for low- and moderate-income residents, particularly in communities that have been disproportionately affected by the shortage of affordable housing. The funding will be allocated through the New York State Homes and Community Renewal agency, which has been working to increase the availability of affordable housing across the state. As part of Governor Hochul's ongoing efforts to combat housing affordability, this financing package is expected to have a significant impact on the lives of thousands of New Yorkers.
Governor Hochul Announces Nearly $350M in Financing to Create or Preserve 750 Affordable Homes Homes and Community Renewal (.gov)
