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Pro-Housing Communities: Governor Hochul Announces More Than $100 Million Awarded To Projects In Communities Committed To Building More Housing

Pro-Housing Communities: Governor Hochul Announces More Than $100 Million Awarded To Projects In Communities Committed To Building More Housing 

Governor’s Pro-Housing Communities Initiative Delivers up to $650 Million in Discretionary Funding Each Year; to Date, 273 Municipalities Have Been Certified as Pro-Housing Communities 

New Budget Proposal Would Allocate an Additional $110 Million in Infrastructure Funding to Certified Pro-Housing Communities, Building on Existing Incentives 

Total of $123 Million Awarded to Projects Through Four Regional Economic Development Council Programs; Full List Available Here

Governor Kathy Hochul today announced new investments of more than $100 million for projects located in certified Pro-Housing Communities, part of a total $123 million allocated as part of the latest round of the State’s Regional Economic Development Council initiative. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to modestly increase their housing supply; to date, 273 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $110 million in funding to cover infrastructure and planning costs for Pro-Housing Communities. 

“There’s only one solution to New York’s housing affordability crisis: we’ve got to build more housing,” Governor Hochul said. “The Pro-Housing Communities initiative is delivering the incentives communities are looking for, and this latest round of grant funding will make a real difference in every region of New York. We’re proud of all the certified Pro-Housing Communities in New York and look forward to seeing their continued growth.” 

Empire State Development President, CEO and Commissioner Hope Knight said, “The Round XIV awards demonstrate how local priorities align with the state's economic development goals – especially in our Pro-Housing Communities. The overwhelming response to the new Capital Improvement Grants program reflects how municipalities are eager to strengthen their foundations while addressing critical housing needs. Under Governor Hochul's leadership, we continue to create new and dynamic opportunities to create jobs and generate sustainable and equitable growth throughout New York State.” 

Read the full press release here