• About Us
  • Contact Us
  • Privacy Policy
  • Submit an Article
  • Advertise With Us
Sunday, July 3, 2022
  • Home
  • Industry News
    • Video
  • Property
    • Real Estate Investment
    • Research
  • Special Focus
  • Home Tips
    • Outdoor
    • Lifestyle
    • Interior
    • Health Guide (DIY)
  • Market Guide
    • Average Property Prices
    • Average Mortgage Rates in Nigeria
    • List of Primary Mortgage Institutions in Nigeria
No Result
View All Result
Homes & Property Guide
Advertisement
  • Home
  • Industry News
    • Video
  • Property
    • Real Estate Investment
    • Research
  • Special Focus
  • Home Tips
    • Outdoor
    • Lifestyle
    • Interior
    • Health Guide (DIY)
  • Market Guide
    • Average Property Prices
    • Average Mortgage Rates in Nigeria
    • List of Primary Mortgage Institutions in Nigeria
No Result
View All Result
Homes & Property Guide
No Result
View All Result

New York commits $145 million to combat homelessness, provide affordable housing

Zion Rufus by Zion Rufus
7 months ago
in Industry News
0 0
0
New York commits $145 million to combat homelessness, provide affordable housing
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

New York Governor, Kathy Hochul has  announced more than $145 million has been allocated for the creation and preservation of about 1,178 affordable homes in 21 separate developments across New York.

ADVERTISEMENT

The funding will address homelessness, help close the digital divide for lower income households, and expand access to safe and sustainable affordable housing opportunities that advance the state’s clean energy goals.

Hochul said: “This $145 million investment renews our commitment to creating and preserving the safe, healthy and affordable homes that New Yorkers deserve.”

“Our best strategy for recovery from the pandemic is ensuring that everyone has a solid roof over their head and access to the services they need to remain securely housed. With the inclusion of additional resources for clean energy development and requiring free broadband access, we are building back better than before by creating housing that promises a stronger, greener and more equitable New York today and for the future.”

The awards announced today are provided through New York State Homes and Community Renewal’s Multifamily Finance RFP, a competitive process used to award federal Low-Income Housing Tax Credits and subsidy financing for affordable and supportive multifamily housing developments. Together with an additional $394 million in public and private sources, the 21 new developments will inject $511 million in total development costs into local economies. 

All 21 projects are required to meet green building standards as part of HCR’s efforts to achieve the goals set by the New York State Climate Leadership and Community Protection Act. The CLCPA, the most ambitious climate and energy plan in the nation, requires an 85 percent reduction of greenhouse gas emissions from 1990 levels by 2050 and eventually net zero emissions across all sectors of the economy.

Four of the awarded projects are supported by additional funding from the Clean Energy Initiative, a $7.5 million pilot program launched earlier this year by HCR and the New York State Energy Research and Development Authority. The Clean Energy Initiative is designed to allow more New York families to live in healthier, clean energy homes, while providing housing developers with streamlined access to technical assistance and affordable housing finance opportunities.

These four projects will be all-electric and/or carbon neutral.

In addition, the developments will provide free or low-cost broadband services as part of the state’s efforts to close the digital divide in lower-income communities. 

An additional $34.7 million in coordinated funding from the Homeless Housing Assistance Program, administered by the New York State Office of Temporary and Disability Assistance, has been awarded to seven of the projects to aid in the development of supportive housing.

Zion Rufus

See author's posts

Tags: affordableaffordable housingHomelessnessHousingNew Yorkreal estate

Related Posts

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud
Industry News

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud

3 hours ago
10 real estate predictions for H2 2022
Industry News

10 real estate predictions for H2 2022

12 hours ago
Three-storey building under construction collapses in Lagos
Industry News

Three-storey building under construction collapses in Lagos

1 day ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud

July 3, 2022
10 real estate predictions for H2 2022

10 real estate predictions for H2 2022

July 3, 2022
Three-storey building under construction collapses in Lagos

Three-storey building under construction collapses in Lagos

July 3, 2022

Recommended

Bank of Israel set to stir competition in mortgage market

Bank of Israel set to stir competition in mortgage market

8 months ago
Lease: Court dismisses Suit against Lagos Govt over Ikeja G.R.A property

Lease: Court dismisses Suit against Lagos Govt over Ikeja G.R.A property

3 weeks ago

Most Popular

Tips on how to recruit a competent  builder or contractor
Industry News

Tips on how to recruit a competent builder or contractor

7 days ago
4 really stunning kitchen layouts you need to check out
Home Tips

4 really stunning kitchen layouts you need to check out

11 months ago
Nigeria: overview of the concept of recovery of premises under tenancy law of Lagos State
Property

Nigeria: overview of the concept of recovery of premises under tenancy law of Lagos State

1 year ago
  • Trending
  • Comments
  • Latest
When your cars and gold chains can’t save you, Real Estate will

When your cars and gold chains can’t save you, Real Estate will

February 2, 2021
4 things you shouldn’t do to that lovely bedroom you have

4 things you shouldn’t do to that lovely bedroom you have

May 18, 2021
Edile Construction Limited: Taking building technology to enviable pedestal

Edile Construction Limited: Taking building technology to enviable pedestal

December 31, 2020
How to deal with really noisy neighbors

How to deal with really noisy neighbors

January 28, 2021
NIOB seeks passage of Building Code Bill, independent inspectors

NIOB seeks passage of Building Code Bill, independent inspectors

Opinion: Turning 360 degrees anticlockwise

Opinion: Turning 360 degrees anticlockwise 2

Top ways real estate investors are pushing for sustainable housing

Top ways real estate investors are pushing for sustainable housing

Opinion: Collapsed buildings in Lagos: Who are the losers?

Opinion: Collapsed buildings in Lagos: Who are the losers?

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud

July 3, 2022
10 real estate predictions for H2 2022

10 real estate predictions for H2 2022

July 3, 2022
Three-storey building under construction collapses in Lagos

Three-storey building under construction collapses in Lagos

July 3, 2022
Sanwo-Olu hands over 48 units of greater Lagos LBIC apartments, resettles 14 families

Sanwo-Olu hands over 48 units of greater Lagos LBIC apartments, resettles 14 families

June 30, 2022
Homes & Property Guide

Homes & Property Guide online is an innovative and informative web-based medium that plays a key role in the development of the built environment.

Follow Us

Browse by Category

  • Architecture
  • Health Guide (DIY)
  • Home Tips
  • Industry News
  • Interior
  • International
  • Interviews
  • Lifestyle
  • Outdoor
  • Property
  • Real Estate Investment
  • Research
  • Special Focus
  • Video
  • Viewpoints

Recent News

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud

Court fixes July 5 judgment day For Abuja River Park Estate’s land feud

July 3, 2022
10 real estate predictions for H2 2022

10 real estate predictions for H2 2022

July 3, 2022
  • About Us
  • Contact Us
  • Privacy Policy
  • Submit an Article
  • Advertise With Us

© 2021 homes and property guide

No Result
View All Result
  • Home
  • Industry News
  • Property
  • Special Focus
  • Real Estate Investment
  • Research
  • Home Tips
    • Interior
    • Outdoor
    • Lifestyle
    • Architecture
    • Health Guide (DIY)
  • Video
  • Submit an Article
  • Contact Us
  • About Us

© 2021 homes and property guide

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version