State funds totaling $16.1 million have been awarded to four affordable housing developments in Western New York as part of $175.4 million the state is providing to build or preserve more than 2,185 affordable apartments and revitalize communities across New York's 10 regions.
The four Western New York projects will create and preserve 146 affordable homes, according to a news release form Gov. Andrew M. Cuomo.
"These critical investments will strengthen communities in every corner of the state by creating and preserving affordable homes for families, veterans, seniors and some of our most vulnerable neighbors," Cuomo said."By strategically revitalizing neighborhoods throughout New York, we can breathe new life into these communities, making them more vibrant places to live for generations to come."
The funds for Western New York will expand the supply of affordable and supportive housing for seniors and address homelessness in communities throughout the region. The state will provide:
- $7.3 million for Mt Aaron Village, creating 59 affordable and supportive apartments for low-income and homeless individuals, and ground floor commercial space in the City of Buffalo.
- $1.5 million for Polly Jean Suites in the City of Buffalo, which will transform an underutilized commercial building into to 8 supportive housing units for homeless individuals and young adults.
- $3.8 million for Oakwood Senior Apartments in the Village of Blasdell (Erie County) to support the rehabilitation of a former school building into 33 affordable and supportive homes for seniors and homeless individuals.
- $3.4 million for Alberta Place in the Town of Amherst to support the new construction of 46 affordable apartments for low-income seniors and frail elderly
"This significant funding is part of our efforts to add and retain affordable housing across the state," Lt. Gov. Kathy Hochul said. "We want to make sure that all New Yorkers have access to affordable, quality apartments while contributing to the revitalization of communities. The investment is part of our $20 billion housing plan to add affordable and supportive housing in neighborhoods to combat homelessness and enhance quality of life."
The funds were made available through New York State Homes & Community Renewal's 2018 Unified Funding Application, a streamlined process to apply for Low-Income Housing Tax Credits and low-interest loans for affordable, multifamily developments. Projects are funded in every region of the state.
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