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October 2023

The Homes and Community Renewal Connection

Top News

Over $236 Million in Bonds and Subsidy Expand and Protect New York’s Affordable Housing Supply

Governor Hochul announced $236 million allocated through bonds and subsidies to create or preserve 732 affordable, supportive, and sustainable homes across the State.

This financing will expand and protect the housing supply across four developments located in the Capital Region, Finger Lakes, and Hudson Valley.

The projects will upgrade and modernize public housing, fight homelessness with onsite services that keep vulnerable populations safely housed, and include sustainable features that advance the State's climate goals.

Governor Kicks Off Construction of 76

Transit-Oriented Apartments in Yonkers

The St. Clair will bring affordable homes and commercial space to downtown Yonkers near the Metro North Station. The development will be subject to leading environmental standards as part of the New York State Energy Research and Development Authority’s Clean Energy Initiative.

“The St. Clair is proof that we can work hand-in-hand with our local partners to create housing that is affordable, sustainable, and that connects New Yorkers to jobs, to schools, to doctors, and to the services they need to thrive,” -Governor Hochul

Small Rental Development Initiative

Supports 52 Apartments

HCR awarded $6.7 million in Small Rental Development Initiative funds to help not-for-profits preserve 52 affordable rental apartments across five separate developments in Syracuse, Rochester, Binghamton, and the town of Wilmington in Essex County. SRDI supports the creation and preservation of multifamily rental developments with five to 20 apartments.

Protecting Communities Against Flooding

The Governor announced the completion of a series of flood resiliency projects in the city of Ogdensburg that is putting $8.3 million to work stabilizing the St. Lawrence River shoreline and protecting flood-prone public space.

Increasing Housing Supply

Development Highlights

Commissioner Cuts Ribbon on 45 Homes for Seniors in Nassau County

Commissioner Visnauskas celebrated the completion of the Allan and Geraldine Rosenberg Residence, a $25 million housing development that created 45 sustainable homes for seniors aged 55 and older in the village of Freeport, in Nassau County.

“Every New Yorker deserves the opportunity to live independently in a vibrant community that supports them as they age.” -Governor Hochul

188 Affordable Homes and Grocery Store in the Bronx

Governor Hochul announced the completion of 2850 Webster Avenue in the Bedford Park section of the Bronx, which offers 188 apartments for New Yorkers aged 62 and older in an energy-efficient, mixed-use development that includes a 12,000-square-foot grocery store and on-site social services.

The development was constructed on property owned by and adjacent to the New York Botanical Garden, and residents will enjoy complimentary membership to the garden.

Sutphin Senior Housing Will Bring 173 Affordable Homes to Queens

Construction has begun on Sutphin Senior Housing, a new development in Jamaica, Queens that will offer 173 apartments, including 52 with supportive services reserved for formerly homeless older adults.

"The 173 affordable apartments that will soon be available at Sutphin Senior will be nothing short of life changing for future residents."

-Commissioner Visnauskas

Commissioner Celebrates Completion of 62 Affordable Homes in Newburgh Historic District

East End II creates 62 affordable homes across 24 new or renovated properties in historic Newburgh neighborhood.

The development includes the adaptive reuse of a historic church to create 17,000 square feet of commercial and community space in a facility known as Highpoint.

Renovations Now Complete at

184-Unit Affordable Housing Development in Utica

Governor Hochul announced the completion of renovations at the Parkedge Townhomes in Utica, a 184-unit Mitchell Lama development for families. The 50-year-old complex received major upgrades, a new community building, two playground areas, and some eco-friendly improvements.

“By rehabilitating Parkedge Townhomes, we are continuing our investment in Utica's future and furthering the State's efforts to protect Mitchell-Lama housing which has been a valuable source of secure housing for families for generations.” -Governor Hochul

Commissioner Celebrates Herkimer Gardens in Brooklyn

Herkimer Gardens offers affordable and supportive homes for older New Yorkers, a health care facility, and food pantry in Brooklyn's Bedford Stuyvesant neighborhood.

The development is part of the State's Vital Brooklyn Initiative to address health and economic disparities in Central Brooklyn.

Monarch Commons Helping Central New York Rise

The new development in the town of Cicero created 35 apartments for seniors and 15 with supportive services for veterans. The investment complements 'CNY Rising' - the region's comprehensive strategy to revitalize communities and grow the economy.

Highly Energy-Efficient, All-Electric Development Brings 82 Affordable Apartments to Peekskill’s Main Street

Commissioner Visnauskas cut the ribbon on 645 Main Street, featuring 82 affordable apartments in downtown Peekskill in Westchester County. The development furthers the city’s goal of increasing affordable housing options as part of its $10 million New York State Downtown Revitalization Initiative award that it received in 2019.

“By adding diverse, energy-efficient housing options in thriving and transit-friendly cities like Peekskill, we are tackling New York’s housing shortage head on and expanding the possibilities for every family who wants to call New York home.” -Governor Hochul

Vacant Building To Be Converted into 28-Unit

Mixed-Use Development in East Buffalo

Governor Hochul announced the start of construction at 950 Broadway in East Buffalo. The $13 million development will transform a vacant former retail building into 28 affordable apartments, a Head Start child education program, and a proposed indoor urban farm.

"Homes will be made here, and we look forward to welcoming new neighbors to the Buffalo community." -Governor Hochul

Construction Complete on New LGBTQIA+

Development in Central Harlem

Homeward Central Harlem provides 50 homes for young adults in an LGBTQIA+-affirming environment with supportive services from Homeward NYC.

“With 50 units of supportive housing and comprehensive counseling, case management, and community resources located right on-site, Homeward Central Harlem is a testament to New York’s ongoing commitment to supporting our LGBTQIA+ community.” -Governor Hochul

Upcoming Highlights

The Community Preservation Corporation and the city of Syracuse, along with HCR staff, will host the BIPOC Developers Summit in Syracuse on November 1st. The summit will provide networking opportunities and information on financial and technical resources for Black, Indigenous, and People of Color entrepreneurs interested in real estate development in the Syracuse area. Register here.

Commissioner Visnauskas will participate in a virtual panel hosted by the NYS Chapter of the American Institute for Architects entitled, "Beyond Four Walls: Illustrations of Housing Projects," on November 10th. Register here.

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