Share this article

print logo

State agency awards development grants

New York State Homes and Community Renewal has awarded $3.2 million in grants and $49 million in insurance commitments for projects statewide, including $373,900 in grants and a $516,000 community development block grant in Western New York.

The agency's Affordable Housing Corp. approved a $300,000 grant to NeighborWorks Home Resources to rehabilitate 40 single-family homes in Erie, Cattaraugus and Wyoming counties. Specifically, the repairs will fix health, safety and energy efficiency issues.

The project will also use $75,000 from the RESTORE program and a $100,000 community development block grant from the state, as well as $150,000 from a NeighborWorks revolving loan fund.

AHC also approved a $73,900 grant to Chautauqua Opportunities to improve six homes of low-income families in Chautauqua County by addressing health, safety and accessibility issues. The effort will also use $141,996 from Housing and Community Renewal's HOME and Weatherization Assistance programs.

Additionally, the Housing Trust Fund Corp. approved a $516,000 block grant for Chautauqua County to help Jamestown MVP Plastics LLC in a multi-phase investment involving a total of nearly $20 million in private money and 250 jobs.

The block grant will leverage $6.6 million in private financing and more than $1 million in other funding, while helping to create 75 full-time jobs -- 55 of which will be for low- and moderate-income individuals.

The grants and insurance commitments from the agency, the umbrella for the state's integrated housing and community renewal agencies, are designed to help build and preserve 756 units of affordable housing, encourage business development and create jobs around New York.

"The awards announced today reflect the public and private partnerships that the integrated housing and community renewal agencies of HCR are able to leverage, and the multiple HCR programs that have come together to increase affordable housing opportunities and make communities stronger throughout the state," said Brian E. Lawlor, commissioner and CEO of the agency.


There are no comments - be the first to comment