Initiative Will Increase Housing Supply and Unlock Transformative Projects in the Mid-Hudson Region
Application and Guidelines are Available Here
Governor Kathy Hochul today announced the opening of the $150 million Mid-Hudson Momentum Fund grant application for mixed-use housing and infrastructure projects throughout the Mid-Hudson Region. This initiative will help communities meet growing infrastructure needs in light of the recent, region-wide population increase brought on by the pandemic. The fund implemented by Empire State Development represents a major commitment to increase the housing supply to meet growing demand and invest in key infrastructure projects in the region. Governor Hochul previously announced the Mid-Hudson Momentum Fund in February 2023.
"With its rich history, natural beauty, and cultural treasures, the Mid-Hudson region has long been a crown jewel for our state that has welcomed new residents and visitors for years," Governor Hochul said. "As the region continues to see an increase in population and visitors alike, the Mid-Hudson Momentum Fund will help communities address critical needs such as affordable and equitable housing and growing local infrastructure to make sure this region can continue to serve as a destination for families, workers, businesses and tourists."
Empire State Development President, CEO and Commissioner Hope Knight said, "It is imperative that we strategically address the growing demand for housing and infrastructure improvements throughout the Mid-Hudson Region. With informed input from our Mid-Hudson Regional Economic Development Council, this program will help to address and accommodate the surge of interest in this amazing area and help to sustain the region's growth well into the future."