Gov. Kathy Hochul announced Monday that nearly $2 billion in housing bonds and subsidies are going to finance the creation or preservation of more than 6,600 affordable homes statewide.
In total, 24 projects across the state are getting the money, which will support sustainable and modern homes.
The money comes through New York State Homes and Community Renewal’s recent bond issuances.
“These investments reflect my commitment to creating quality, modern homes that enrich communities and are making New York more affordable for a wide array of households, including families and seniors,” Hochul said in a statement. “By coupling State financing tools with private resources, we are generating more than $3 billion in overall investment that will improve neighborhoods, reduce energy costs and provide thousands of affordable housing options across every region of the State.”
The governor’s office says the awards are part of Hochul’s $25 billion five-year housing plan, which they say is on track to create or preserve 100,000 affordable homes statewide.
A full list of awarded projects can be found on the state’s website.