Part of $175 Million Investment to Provide 2,185 Affordable Homes Across the State
Governor Andrew M. Cuomo today announced that $9.2 million has been awarded to two projects that will expand affordable housing opportunities in Potsdam and Plattsburgh. 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 economic development regions.
"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 the North Country Region include the transformation of an underutilized Clarkson University building in downtown Potsdam into a vibrant mix of affordable housing, an incubator for entrepreneurial start-ups, and a community theater, while affordable housing opportunities for families will be expanded in the City of Plattsburgh. Awards announced today include:
- $5.6 million for Potsdam to fund the transformation of Snell Hall, an underused downtown Clarkson University building, into a mixed-use complex with 59 apartments affordable to households with incomes below 60 percent of the area median income, a hub for the arts, housing the St. Lawrence Arts Council and a community theater, as well as the Shipley Center for Innovation, a business incubator.
- $3.6 million in Plattsburgh to fund construction of 40 new apartments affordable to households with incomes below 55 percent of the area median income on a vacant parcel that was previously part of the former Plattsburgh Air Force base in the Atlas Heights neighborhood.
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 Joseph Griffo said, "I am pleased to see that Clarkson University's Snell Hall will feature a mixture of affordable housing, a business incubator and creative and community spaces for artists and others in the region. This project will help Clarkson University to continue its outstanding reputation and will grow and strengthen the Potsdam community and the North Country."
Senator Betty Little said, "For many individuals and families, access to affordable housing is an essential cornerstone in their ability to build better lives. For several years, as the chair of the Senate's housing committee, I was pleased to work on this issue not only for the North Country but communities across New York State. Today, I am very pleased to join Governor Andrew Cuomo in making this wonderful announcement of funding for the Broad Street Commons workforce housing and retail project in Glens Falls knowing just how impactful this state investment will be."
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 Billy Jones said, "The state's investment in redevelopment of the former Plattsburgh Air Force base will not only create affordable homes for working families, it will help Plattsburgh grow and become a more vibrant city. It will help grow our economy and ensure workers have convenient, affordable housing with short commutes to work."