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Official news from the Office of the Governor
May 29, 2024

Addressing Housing Crisis in Mid-Hudson Region

The first awards of the Mid-Hudson Momentum Fund total $67M in state funding to build over 2,400 housing units in the Mid-Hudson region. More than 1,300 will be affordable units.

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Governor Hochul, U.S. Department of Housing and Urban Development Secretary Fudge, Senator Schumer, and Representative Bowman announced that Riverbay Corporation, the management company for Co-op City, the U.S. Department of Housing and Urban Development, Wells Fargo, the Mortgage Insurance Fund of the State of New York Mortgage Agency, and NYC Housing Development Corporation have processed and approved Co-op City's Department of Housing and Urban Development loan refinance.

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