Part of $175 Million Investment to Provide 2,185 Affordable Homes Across the State
Investment Complements "CNY Rising" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Andrew M. Cuomo today announced that $11.1 million has been awarded to three affordable housing developments in Central New York that will create or preserve 140 affordable homes. The funding is part of $175.4 million the state is awarding to build or preserve more than 2,185 affordable apartments and revitalize communities across New York's 10 regions. The investments in Central New York complement Central New York Rising, the region's comprehensive blueprint to generate robust economic growth and community development.
"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," Governor 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."
"This significant funding is part of our efforts to add and retain affordable housing across the state," said Lieutenant Governor Kathy Hochul. "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 Governor's commitment to providing all New Yorkers with access to safe, affordable housing is reflected in the State's unprecedented $20 billion, five-year Housing Plan. The plan makes housing accessible and combats homelessness by building and preserving 100,000 units of affordable housing, and 6,000 units of supportive housing.
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.
Awards in Central New York will achieve the State's housing goals of providing affordable housing and housing with support services for homeless adults and seniors, as well as preserving and renovating existing affordable housing. Awards announced today include:
- $3.8 million for The Gardens at St. Anthony's in Syracuse, the adaptive reuse of the former St. Anthony's School and Convent into 54 affordable homes for seniors, including 27 supportive homes for formerly homeless individuals.
- $1.4 million for Salato Gardens Rehabilitation in the Village of Cayuga, preserving 24 affordable homes for seniors.
- $5.9 million for Melone Village II in the City of Auburn, which rehabilitates nine outdated public housing buildings, preserving 62 affordable homes for families.
A full list of funding awarded statewide is available here.
RuthAnne Visnauskas, Commissioner of New York State Homes and Community Renewal said, "The investments announced today are part of $175 million awarded across the State that builds on the momentum and unprecedented resources that Governor Cuomo has committed to improving New York's communities since 2011. Under Governor Cuomo's leadership, we are doing more than ever to increase access to affordable and supportive housing, reduce homelessness, revitalize neighborhoods and strengthen local economies."
Senator Brian Kavanagh, Chair of the Senate Housing Committee said, "We need to make sure New Yorkers across the state have access to good, safe and affordable housing, and today's Unified Funding awards announcement marks an important step toward revitalizing our communities. This funding will help create and preserve affordable housing, and keep people in the neighborhoods they call home."
Senator Rachel May said, "This investment on the south side of Syracuse is key to helping our city thrive. Building in historically under-served neighborhoods is exactly the type of smart investment we need from State government. Revitalizing currently vacant buildings to provide affordable, quality housing will transform our city while preserving the character of our neighborhoods. I am thrilled at the announcement of this funding and thank the Governor for his support."
Assembly Member Steven Cymbrowitz, Chair of the Assembly Housing Committee said, "This initiative moves forward our continued commitment to create and preserve affordable and supportive housing stock for all New Yorkers, especially our most vulnerable. I'm pleased that this project will provide seniors, young adults and other New Yorkers with the ability to remain vital and engaged members of our communities."
Assembly Member Brian Manktelow said, "The $1.4 million for Salato Gardens in the Village of Cayuga is important, especially because this is a rural area. Housing for everyone, especially seniors, can be very difficult in such a small village. These 24 housing units are critical to our older population; there are not many choices for them here, so the rehab is really necessary to preserve the complex."
Assembly Member Pamela J. Hunter said, "Ensuring access to safe, affordable, and quality housing is among my top priorities as a legislator. Although there is much more work to be done, the investment in The Garden's at Saint Anthony's in Syracuse will make a positive impact in the community and reduce homelessness."
Assembly Member Gary Finch said, "Building and preserving affordable housing for hardworking families and vulnerable populations alike is a dynamic investment in our community and in our economic competitiveness. I'm pleased to help deliver these funds back to our district. Whether you're a single mom working two jobs or a grandmother who's two children recently moved out of the area, an affordable, safe place to live can make all the difference in the world."
Accelerating CNY Rising
Today's announcement complements "Central NY Rising," the region's comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $5.6 billion in the region since 2012 to lay the groundwork for the plan - capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in.
Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State's $500 million investment will incentivize private business to invest well over $2.5 billion - and the region's plan, as submitted, projects up to 5,900 new jobs. More information is available here.