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flag A $2.5 million grant will convert vacant apartments in Amsterdam into 30–45 affordable homes for low- and moderate-income renters.

flag A $2.5 million state grant has been awarded to Better Community Neighborhoods, Inc. and the city of Amsterdam to convert vacant, uninhabitable apartments into affordable housing. flag Part of a $16.2 million statewide initiative, the funding will support renovations on small buildings with up to five units, covering essential repairs like plumbing, electrical systems, and structural fixes. flag Property owners must rent units at affordable rates to low- and moderate-income tenants—60% to 80% of area median income—for 10 years and maintain ownership. flag The project aims to create 30 to 45 new affordable units in a city with an 18.4% vacancy rate and a shortage of habitable housing. flag Renovations must be fully completed before units are rented, and evictions to create vacancies are prohibited. flag The program builds on a similar effort in Schenectady, with final funding contingent on a state contract.

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