There WILL be a New York State Rural Rental Assistance Program to be used in application for the leveraged loan program with RD. While the Legislature was unable to overcome Administration resistance to restoring cuts to the Rural Rental Assistance Program (RRAP )which has been the key to New York’s success in leveraging federal Section 515 funds, Senate negotiators did succeed in including language that will allow new units of RRAP for the current year. Subsequently, funds to support the new units were provided through a $188,000 legislative add from Senator David J. Valesky (D-Oneida). As many as fifty new units can be supported by this funding in Rural New York.
NEW YORK STATE RURAL ADVOCATES 