Village of Hempstead To Receive $10 Million From Downtown Revitalization Initiative; Village of Farmingdale To Receive $4.5 Million From NY Forward
Eligibility for DRI or NY Forward Funding Requires Certification Under Governor Hochul’s Pro-Housing Communities Program
Governor Kathy Hochul today announced that Hempstead will receive $10 million in funding as the Long Island winner of the eighth round of the Downtown Revitalization Initiative, and Farmingdale will receive $4.5 million as the Long Island winner of the third round of NY Forward. For Round 8 of the Downtown Revitalization Initiative and Round 3 of the NY Forward Program, each of the State's 10 economic development regions receive awards from each program, to make for a total State commitment of $200 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.
“Long Island’s downtowns are more than hubs for business, they’re the infrastructure that inspires people to build a better world around them,” Governor Hochul said. “By investing nearly $15 million in revitalizing Hempstead and Farmingdale, we’re creating stronger communities that honor their history and possibility — paving a path for generations of Long Islanders to experience all they have to offer.”
To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul's Pro-Housing Communities Program — an innovative policy created to recognize and reward municipalities actively working to unlock their housing potential. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to increase their housing supply; to date, 287 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $100 million in funding to cover infrastructure projects necessary to create new housing in Pro-Housing Communities, and a further $10 million to technical assistance to help communities seeking to foster housing growth and associated municipal development.
Many of the projects funded through the DRI and NY Forward support Governor Hochul’s affordability agenda. The DRI has invested in the creation of more than 4,400 units of housing — 1,823 of which are affordable or workforce. The programs committed over $8.5 million to 11 projects that provide affordable or free child care and child care worker training. DRI and NY Forward have also invested in the creation of public parks, public art (such as murals and sculptures) and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.