Hochul awards $1B in bonds, subsidies to affordable projects

New York State awarded $1 billion in housing bonds and subsidies in the latest push from Gov. Kathy Hochul as part of her broader $25 billion five-year housing plan.  The funds were awarded by New York State Homes and Community Renewal to 12 housing development projects that aim to create or preserve 2,754 apartments across the state.  Seven of those projects are in New York City, including the preservation and rehabilitation of two existing structures in Harlem and on the Upper West Side, the adaptive reuse of a former correctional facility in Chelsea and new construction across four different sites […]

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