State and Hudson Valley area officials gathered in Dutchess County Wednesday to announce significant funding coming to housing projects across the region.
Thirteen housing development projects were selected to receive $67 million in funds from New York’s Mid-Hudson Momentum Fund grants. It’s expected to spark the creation of more 2,400 units, half of which will be affordable housing, officials said.
Hudson Valley Pattern for Progress CEO Adam Bosch said the projects are critical to keeping residents in the area and continuing to build new workforces as businesses come to the region.
“The connection between our region's health and housing, if we don’t have the housing for the people who make the goods and services we need, then we won’t have those things for the long term,” Bosch said.
Poughkeepsie was one community to receive funding – for two projects that will renovate blighted properties. Mayor Yvonne Flowers said she’s grateful for the state dollars, but the city will continue addressing the housing crisis.
“We’re also going to continue to look at other grant opportunities as well," Flowers said. "We’re going to revitalize our neighborhoods in a way to improve the housing stock we have, but also expand on that as well.”
The next funding round is now open. Applicants can apply up to June 28.
Projects are listed below:
- $10 million for Golden Hill to turn former Ulster County jail into 164 units of affordable housing in Kingston
- $10 million for infrastructure improvements to accommodate up to 1,080 new homes in Peekskill
- $10 million for a new Indian Brook Water Treatment Plant for about 300 homes in Ossining
- $8.7 million for the 115 South Macquesten to construct two residential towers with approximately 315 units of housing in Mount Vernon
- $5 million for the 316 Main St., to construct a six-story, mixed-income building with 80 units of housing in Poughkeepsie
- $4.75 million for the Barrel Factory Apartments, 100 units in Kingston
- $3.465 million to extend water, roads, utilities and infrastructure for up to 40 potential new units of housing in Red Hook
- $3.05 million for the 104 Washington St., a 14-unit, building with other uses in the City of Newburgh
- $2.6 million for the 191 Washington St., to repurpose a vacant building into 70 units of housing and more in the City of Newburgh
- $2.5 million for an 18-unit mixed-use building in Beacon
- $2.5 million to construct an affordable housing development with 118 apartments in the City of Newburgh
- $2.5 million for the 63 Maple Ave., to construct a five-story residential building with approximately 78 homes in Haverstraw
- $2 million to construct 28 units on the site in Poughkeepsie