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Governor Cuomo announces $141.3 million to build and preserve affordable housing across New York State

May 12, 2015
Gov. Andrew Cuomo has announced more than $141 million in awards for affordable housing developments across the state. The low-interest loans, grants and tax credits will build or preserve 2,160 affordable apartments and are expected to leverage more than $469 million in grants, loans and private resources.
 
The funds are part of Cuomo’s unprecedented commitment to affordable housing and community revitalization, which includes the $1 billion House NY program, the state’s largest affordable housing investment in nearly two decades. House NY is making progress creating and preserving more than 14,300 affordable homes over five years. 
 
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New York first quarter statewide home sales strong 
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With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.

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