Governor Proposes a Housing Budget

We are pleased to provide this budget summary 1_21_2014 of the 2015-16 proposed Executive budget, since there are increases to many housing programs such as AHC, RESTORE, ACCESS to HOME, HTF, HHAP, Main Street from previous years as well as adequate funds for Rural Rental Assistance for another year.

Baseline funding for RPC/NPC funding from the Mortgage Insurance Fund has been proposed at about $60,000/Preservation Company. It has also been proposed that additional funding be allocated to housing including preservation companies from mortgage settlement proceeds.

There is a lot to sort through, so continue to check for updates on State budget news and plan on the Advocates meeting in Albany where we sort through proposals and strategy to maximize the delivery of housing funds in rural NY

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s