New York (WRGB) — Governor Hochul announced nearly $2 billion in state financing aimed at creating or preserving more than 6,600 affordable homes across New York State, including several major investments in the Capital Region.
The funding is part of the Governor’s $25 billion five-year Housing Plan, which is on track to create or preserve 100,000 affordable homes statewide. State officials say the investments will generate more than $3.5 billion in total economic activity when combined with private funding. The funding will support both new construction and the preservation of existing housing, with a focus on affordability for low- and moderate-income households, seniors, and individuals with disabilities.
In the Capital Region, the funding includes more than $340 million across four major housing developments:…