Governor’s State of the State proposes new affordable housing with Sandy funds

According to the Daily News, The State of the State will contain a new affordable housing program for NY.   “ Cuomo’s affordable housing proposal will be modeled after the $1 billion House NY initiative unveiled in last year’s State of the State Address. That program, run by the Division of Housing and Community Renewal, seeks to develop 14,000 affordable housing units over the next five years by providing funds to developers and nonprofit organizations that develop low-cost housing.”

Will there be affordable housing funds in the proposal for Rural New York? “One of the proposals would allocate $100 million in federal Hurricane Sandy recovery funds to create 3,000 new units of affordable housing over the next two years in storm-ravaged areas around the state”


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