The housing stock in Queens is getting a boost thanks to the New York State Homes and Community Renewal’s Affordable Home Ownership Development Program, Governor Andrew Cuomo announced on Tuesday.
The program, administered by the Affordable Housing Corporation, will dole out nearly $8 million in funds to construct, rehabilitate and improve the homes of 295 income-eligible families across New York State. It will provide up to $40,000 per dwelling to eligible municipalities, municipal housing authorities, and other not-for-profit and charitable organizations that develop affordable housing or assist homeowners in funding necessary repairs.
“We are committed to helping all New Yorkers achieve and preserve the American Dream of home ownership, and this funding will build and improve affordable owner-occupied housing in every corner of the state,” Cuomo said. “This program supports this administration’s efforts to build stronger, more resilient communities and helps to create a stronger, fairer and more affordable New York for all.”
According to the governor’s office, these awards will:
- make improvements to existing owner-occupied single or multi-family homes, condominiums or cooperatives;
- acquire and rehabilitate owner-occupied homes for sale, including single and multi-family homes, condominiums or cooperatives; and
- construct new owner-occupied homes for sale, including single and multi-family homes, condominiums or cooperatives including replacing dilapidated mobile and manufactured homes.
In Queens, approximately $1.2 million will be awarded to SBP Inc. to improve approximately 30 units located on scattered sites in Queens and Kings County for homes damaged in Superstorm Sandy; another $880,000 will be given to Restored Homes Housing Development Fund Corporation for the acquisition and rehabilitation of 22 units to be located at scattered sites throughout Queens.
Housing Partnership Development Corporation will also receive $1,825,000 for the new construction of 49 units located on scattered sites in the Brownsville and East New York sections of Brooklyn.
Other areas of the state that will receive funding from this program are Western New York, the Finger Lakes region, Central New York, the Capital Region, North Country, the Mid-Hudson area and the Southern Tier.
“Every New Yorker deserves a place to call home. This program will help more New Yorkers achieve and maintain the dream of homeownership,” said James S. Rubin, Homes and Community Renewal Commissioner. “HCR is proud to make the governor’s vision of affordable homeownership and sustainable neighborhoods a reality.”