Two housing complexes will receive funding for specific projects as part of Governor Kathy Hochul’s program in which $260 million will be allocated to create or preserve 1,852 affordable, supportive and sustainable homes in 29 developments throughout the state.
Rockville Manor in Rockville Centre will receive $7.5 million. The money will be used to preserve and expand an existing Rockville Centre housing authority for seniors from 50 to 56 units. The development team includes D&F Development Group and Rockville Redevelopment Corp. The project will receive $625,000 in CEI funds to pursue whole building electrification.
Medford Gardens in Brookhaven, which will receive $13.2 million in funding, will offer 67 apartments for New Yorkers 55 and older, including 33 supportive units. The developer is WellLife Network.
The funding announced on March 18 is part of Hochul’s $25 billion comprehensive Housing Plan that will create or preserve 100,000 affordable homes across New York State, including 10,000 with supportive services for vulnerable populations, plus the electrification of an additional 50,000 homes.
Financing is allocated by New York State Homes and Community Renewal, which provided $56 million in Federal and State Low Income Housing Tax Credits and $204 million in subsidies. When coupled with additional private funding and resources, the projects receiving funding are expected to create over $840 million in overall investment.
“The only way to address New York’s housing crisis and bring down costs for families is to keep building and preserving homes in every region of our state,” Hochul said. “With this funding, we are pushing forward with our agenda to unlock New York’s housing potential, and we will keep working closely with the Legislature to ensure that all New Yorkers have access to safe, stable, and affordable homes.”
In addition, the developments offer free broadband services to residents, building on the Governor’s ConnectALL initiative, which delivers high-speed internet to lower-income New Yorkers.
“Equitable access to high-quality, clean and resilient spaces where residents live, work and play is fundamental to healthy and sustainable communities – and today’s announcement represents the future of New York State,” said