New York Governor Kathy Hochul unveils $40M program to build affordable homes in 5 cities.

New York Governor Kathy Hochul launched a $40 million "Block-by-Block" program to build affordable homes in Buffalo, Albany, Binghamton, Rochester, and Syracuse. Nonprofits can receive up to $400,000 for two-family homes and up to $300,000 for single-family homes, ensuring affordability for buyers earning up to 60% of the area median income. The program focuses on vacant lots to revitalize neighborhoods and aid first-time homebuyers.

December 12, 2024
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