13 Mid-Hudson region projects to build new housing get millions in state aid
The first round of grants was prioritized to communities committed to building new housing, creating transit-oriented development and upgrading infrastructure to accommodate future housing growth.
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14ds agoGov. Kathy Hochul announced the state will distribute $67 million in the first round of awards under the Mid-Hudson Momentum Fund. The initiative is designed to help increase the housing supply in the Mid-Hudson region.
The first round of grants was prioritized to communities committed to building new housing, creating transit-oriented development and upgrading infrastructure to accommodate future housing growth.
“Communities all over the Mid-Hudson region are stepping up in extraordinary ways to address the housing crisis, and with these awards, New York is making good on our commitment to supporting them,” Gov. Hochul said.
Hochul said the funding will help local municipalities create more than 2,400 units of housing, including more than 1,300 affordable units, across the Mid-Hudson region.
Winning projects include:
- $10 million to transform the former Ulster County jail into a new mixed-use community in Kingston
- $10 million for essential infrastructure improvements to accommodate up to 1,080 new homes in Peekskill
- $10 million to construct and operate a new Indian Brook Water Treatment Plant in Ossining
- $8.7 million for transit-oriented development in Mount Vernon
- $5 million for a new mixed-use development in Poughkeepsie
- $4.75 million for apartments in Kingston
- $3.465 million for public infrastructure work in Red Hook
- $3.05 million for a mixed-use building in Newburgh
- $2.6 million to repurpose a vacant building in Newburgh
- $2.5 million to construct a fully affordable building in Beacon
- $2.5 million to build a five-story residential building in Haverstraw
- $2 million to transform a long-vacant, blighted building in Poughkeepsie
Peekskill City Manager Matthew Alexander said the funding is a big win for the city as it tries to keep up with the demand for housing.
"We need to keep up with our infrastructure, this is an opportunity to improve housing stock and to have more successful development," Alexander said.
The second round of funding applications is open from now through June 28.
