Real Estate Weekly

(Francisco Kjolseth | Tribune file photo) Bicyclists make their way through Salt Lake City traffic. Officials are pushing to promote more walking and biking as the Wasatch Front population is predicted to double in coming decades.Governor Andrew M. Cuomo announced $190 million for both building and preserving affordable housing, available by application to groups with shovel-ready projects.

“Everyone deserves a safe, affordable place to live, and this funding will help get more New Yorkers into a place to call home,” Governor Cuomo said. “These funds will not only get housing projects off the ground, but are also an important step to creating stable, healthy communities. We will continue working with local partners and organizations to support affordable housing alternatives.”

The funding, available through Homes and Community Renewal, makes resources from a variety of programs available to eligible organizations.

Applicants with shovel-ready projects that support state housing goals of revitalization and economic development, mixed-income and mixed-use development, workforce housing, and affordable housing preservation may apply for an Early Award and receive an accelerated application review.

Interested applicants are encouraged to complete the Homes and Community Renewal’s Unified Funding Application, a single-source, streamlined process to apply for several funding streams for affordable, multifamily developments. Read more