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NY Announces $25 Million in Awards to Help Preserve Affordable Housing

New York Governor Andrew Cuomo announces $25 million in awards to help preserve affordable housing.
ALBANY, N.Y. - New York Governor Andrew Cuomo announces $25 million in awards to help preserve affordable housing. 

A press release says the 80 awards will help the state repair, rehabilitate, and preserve housing for low and moderate income residents. The awards are administered by the New York State Homes and Community Renewal (HCR) program. 

"Every New Yorker should be able to live in housing that is safe, fair, and affordable," Governor Cuomo said. "This funding will help not only those struggling with income, but provides services for seniors and the disabled. This investment in affordable housing will greatly improve the lives of families across this state and give more New Yorkers a place to call home."

The funding will allow counties, cities, towns and villages, and not-for-profit organizations to apply for new homeownership and housing rehabilitation funding to bring standardized housing up to code. The funding is expected to help preserve 1,315 units.

HCRs awards made by region include:

By Geographic Region

# of Awards

Total Award $

Capital Region

7

$1,955,000

Central New York

9

$2,275,000

Finger Lakes

11

$3,795,300

Mid-Hudson

4

$1,200,000

Mohawk Valley

9

$2,625,000

North Country

16

$5,492,500

Southern Tier

14

$5,159,500

Western New York

7

$2,133,000

NYC

3

$350,000

Total:

80

$24,985,300


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