$60 Million in Round II Funding Will Support 10 Strategic Projects To Build New Housing, Enhance Critical Infrastructure and Unlock Future Development Potential
Awards Continue to Prioritize Pro-Housing Communities and Mixed-Use, Transit-Oriented Development Under Governor’s Pro-Housing Communities Program
Learn about the Mid-Hudson Momentum Fund at esd.ny.gov/momentum
Governor Kathy Hochul today announced the second round of awards under the Mid-Hudson Momentum Fund, providing more than $60 million to support ten transformative projects across the Mid-Hudson region. These grants will leverage $627 million in total public-private investment towards critical infrastructure improvements and mixed-use projects that will enable significant new housing development across Orange, Rockland, Sullivan, Ulster, and Westchester counties. The projects range from new mixed-use and mixed-income housing developments to essential water treatment facilities and sewer infrastructure that together will unlock more than 8,000 new units of housing, over 2,000 of which will be affordable.
“The second round of Mid-Hudson Momentum Fund awards reflects our proactive approach to addressing New York's critical housing shortage while strengthening the infrastructure needed for thriving, resilient communities,” Governor Hochul said. "From securing clean water in Orange County to revitalizing downtown Mount Vernon, these strategic investments demonstrate our ongoing partnerships with Pro-Housing Communities that actively support growth and economic opportunity.”
Empire State Development President, CEO, and Commissioner Hope Knight said, “These ten projects represent the forward-thinking approach New York is taking to address both our immediate housing needs and the infrastructure challenges that have long constrained development. Under Governor Hochul's leadership, we're investing in the foundational systems that will support sustainable growth and economic opportunity throughout the Mid-Hudson region for decades to come.”
Read the full press release here.