GOVERNOR PATERSON ANNOUNCES $48 MILLION FOR LOW INCOME HOUSING

State of New York | Executive Chamber
David A. Paterson | Governor

For Immediate Release: July 2, 2009
Contact: Marissa Shorenstein | marissa.shorenstein@chamber.state.ny.us | 212.681.4640 | 518.474.8418
DHCR Contact: James Plastiras | JPlastiras@nysdhcr.gov | 518-473-2526

GOVERNOR PATERSON ANNOUNCES $48 MILLION FOR LOW INCOME HOUSING

Funding Will Help to Create or Rehabilitate over 2,100 Affordable Housing Units

New Projects to Create Nearly 2,000 New Construction Jobs
Governor David A. Paterson today announced the awarding of more than $48 million in federal Low Income Housing Tax Credits and subsidies. This funding will be administered by the Division of Housing and Community Renewal (DHCR) and help construct or rehabilitate 2,165 affordable housing units for working families, senior citizens, and people with disabilities, as well as create nearly 2,000 new construction jobs statewide.

“This critical funding will not only improve access to quality, affordable housing, but also help put New York back to work by creating nearly 2,000 new jobs,” said Governor Paterson. “In these difficult economic times, it is especially important that we do everything we can to help return our State to prosperity and improve the lives of everyday New York families.”

This $48 million in awards is expected to attract approximately $285 million in private investment for these projects. Additionally, all of the awards meet high energy-efficiency standards outlined in DHCR’s Green Building Initiative. Features include Energy Star appliances, water conserving fixtures, Green Label Certified floor coverings, and environmentally friendly paints, sealers, and primers.

The housing developments announced today will also be eligible for additional funding through the federal American Reinvestment and Recovery Act (ARRA). New York is eligible for approximately $250 million in Tax Credit Assistance Program stimulus funding, which helps affordable housing projects bridge potential financing gaps in the wake of the current difficult real estate market.

DHCR Commissioner Deborah VanAmerongen said: “The need for tax credits to encourage the development and preservation of housing for low- and moderate-income people is high in New York, but the value of these tax credits is shrinking due to the volatility of the financial markets. Governor Paterson’s leadership has helped keep the creation of affordable housing a priority, even in these turbulent economic times, and this commitment will result in quality, decent housing for thousands of New Yorkers.”

A full list of awards by region is available below:

Capital District

ApplicantCountyAwardUnits

Albany Housing AuthorityAlbany$946,00043

Watervliet HDFC, Inc.Albany$1,315,85280

Evergreen Partners LLCColumbia$1,430,000168

Troy Architectural Program, Inc.Rensselaer$1,709,09820

Clifton Park Senior Housing, LLCSaratoga$955,83370

Central New York

ApplicantCountyAwardUnits

Kirkwood II Housing Group, LPBroome$536,99032

Pomeroy School Apartments, LPCortland$1,822,22933

Housing Visions Consultants, Inc.Oneida$814,00037

Christopher Community, Inc.Onondaga$439,80520

Southern Hills Preservation Corp.Onondaga$972,30860

Better Housing For Tompkins County Inc.Tompkins$2,242,70224

$200,000

McGraw Housing Company, IncTompkins$2,400,00095

Finger Lakes

ApplicantCountyAwardUnits

Eastman Commons Community, IncMonroe$1,290,00080

Ibero-American Development CorporationMonroe$550,00025

Pathstone Development CorporationMonroe$440,00020

Urban League of Rochester Economic Development Corp.Monroe$202,99421

$300,000

Interlaken Senior Housing, LLCSeneca$585,98928

Lower Hudson Valley

ApplicantCountyAwardUnits

Livingston Arms, LLCDutchess$365,70134

The Kearney Realty & Development Group Inc.Dutchess$1,331,52974

$267,525

Rockland Housing Action Coalition, Inc.Rockland$1,430,00066

Milton Harvest LLCUlster$654,35147

$87,119

Warwick Properties, Inc.Ulster$644,74342

Ashburton Avenue I, LPWestchester$1,078,00049

Housing Action Council, Inc.Westchester$1,427,85773

Titus Investors LLCWestchester$899,67643

New York City

ApplicantCountyAwardUnits

Atlantic Development Group, LLCBronx$1,320,00060

$750,000

Dunn Development Corp.Bronx$1,430,00065

East Burnside Associates LLCBronx$1,408,00076

$750,000

New Destiny Housing CorporationBronx$902,00041

Concern For Independent Living, Inc.Kings$1,572,99490

Dewitt Supportive Housing, L.P.Kings$715,42833

Ridgewood Bushwick Senior Citizens Council, Inc.Kings$1,408,00064

$740,000

UCP Housing Development Fund Corporation, Inc.Kings$2,162,00073

2081 Madison Avenue, L.P.New York$1,430,00065

Bethel Manor, LLCNew York$929,37446

Monadnock ConstructionNew York$1,078,00049

$600,000

HANAC, Inc.Queens$1,419,22194

Western New York

ApplicantCountyAwardUnits

Community Action Organization of Erie County, Inc.Erie$1,320,00060

Delta Development of Western New York, Inc.Erie$673,50335

Rural Housing Opportunities CorporationOrleans$291,50030

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The following quotes were provided in support of the Low Income Tax Credit awards:

U.S. Senator Charles E. Schumer said: “In these difficult economic times, it is critical that we provide safe and affordable housing for the most vulnerable. We cannot thrive without quality, affordable housing, and these funds will both create good jobs and construct and rehabilitate over 2,000 housing units.”

Congressman Michael Arcuri said: “This housing funding is critically important in assisting those in our area who need it most. I am glad to see that not only will this offer valuable assistance but will create jobs in the process.”

Congressman Eliot Engel said: “Housing is a necessity and this money will go towards providing higher living standards for more than 2,000 New York families. I am especially grateful for the money going to the Rockland County Action Coalition, an organization I have been helping to get other federal aid over the years. The housing money for the 242 units in the Bronx is also especially welcome. Governor Paterson has earned our thanks for getting this federal money to work for New York and its residents.”
Congresswoman Carolyn B. Maloney said: “This $1.4 million in federal funding to assist in the construction of 94 units will both help put New Yorkers back to work and meet the huge need for affordable housing.”

Congressman Scott Murphy said: “During these tough economic times it is imperative that we work to ensure that our fellow New Yorkers who have been hit hardest are able to stay afloat. This funding will make a major impact in their quality of life, while creating much-needed jobs and helping to continue to turn our economy around.”

Congressman Charles Rangel said: “This funding could not have come at a more vital time for our communities and our State. The road to economic stability, locally and nationally, cannot be realized if people are worried about the roof over the heads. These funds will help jumpstart not just these development projects, but also encourage more collaboration between the public sector and private investors. Recovering from this economic crisis is going to take leaders utilizing different sources for funding local projects. By maintaining and expanding our stock of affordable housing, Governor Paterson is providing the kind of leadership that our neighborhoods need to not just survive, but thrive.”

Congressman José E. Serrano said: “Increasing affordable housing is imperative in these troubled economic times. This funding will help to ensure that developers continue to build to meet the needs of our communities despite the economic downturn.”

Congresswoman Louise M. Slaughter said: “This key funding will go a long way to help ensure affordable housing for those in our community who need it most. What’s more, these key construction projects will generate quality jobs for hard-working New Yorkers to strengthen our region and economy for the long-term.”

Congressman Ed Towns said: “This smart funding strategy will create more opportunities for much-needed affordable housing options. Job losses and rental rates are high but adequate affordable housing alternatives are low. This funding builds, rehabilitates and improves affordable housing units and not just the bricks and mortar. With this funding, we give hope to entire neighborhoods and families through strategic, sensible investments.”

Congresswoman Nydia M. Velázquez said: “Not only will working families benefit from these affordable housing resources, but the awards will create opportunities for New Yorkers in the green construction trade.”

Senator Eric Adams said: “In early January, I wrote a letter to New York State DHCR in support of an application of Concern For Independent Living for an allocation of low income housing tax credits for a project in my District. Today, Governor Paterson has announced that he is providing credits totaling $48 million, designating more than $1.5 million to Concern. The Governor has aided a project that will help reduce chronic homelessness and provide vitally needed permanent affordable housing to low income individuals and persons with disabilities. I applaud him.”

Senator Neil Breslin said: “Increasing the number of affordable housing options for people in Albany County has always been a priority of mine. Two key elements to any healthy economy is making sure there are quality jobs for people as well as affordable housing options for working families.”

Senator Ruth Hassell-Thompson said: “I am very pleased to see that the federal government is awarding this funding. It is absolutely critical that our communities continue to build housing for our workforce residents. The City of Mount Vernon will now have 43 new units that will hopefully help some of our firefighters, policemen and teachers live near where they work. For too long, these residents have had to live outside of the communities that they serve because of the lack of affordable housing.”

Senator Martin Malavé Dilan said: “This is great news for Brooklyn. This funding is a long-term solution to the aftermath of the housing market crash. We can now continue to reinvest in our communities by providing jobs and affordable housing. Our working families, seniors and people living with disabilities will continue to have access to the vital resources they deserve.”

Senator George Onorato said: “This $1.4 million award to HANAC, Inc. in support of its PCA Senior Residence is great news for the many low-income and disabled senior citizens in our community who are in dire need of affordable housing opportunities. This aid will go a long way towards making this desperately needed housing development a reality, and I am delighted that this project has been chosen to receive assistance.”

Senator Bill Perkins said: “On behalf of my constituents, I would like to thank Governor Paterson for his outstanding leadership with these critical and timely investments. These investments will positively impact people in my community and people all across the State of New York.”

Senator John L. Sampson said: “Families across New York are struggling. Governor Paterson’s announcement of $48 million in federal tax credits and subsidies, creating thousands of affordable housing and jobs, gives hope to those in need and creates jobs when we need them most.”

Senator William T. Stachowski said: “The value of this program is clear. Many elderly homeowners in Erie County are struggling to maintain their homes or expensive apartments. The Holy Family Senior Apartments project will create much needed affordable housing opportunities for many seniors in Buffalo. I support the continuation of these efforts by Delta Development of Western New York and will continue to do everything within my power to advocate for projects such as this that assist our seniors and low income families.”

Senator Andrea Stewart-Cousins said: “Access to affordable housing, in the City of Yonkers and across New York State, is a fundamental right. I am pleased to work with Governor Paterson on this initiative, as he has made investing in affordable housing a priority of his administration. Providing tax credits to encourage the development and preservation of affordable housing for low to moderate income families, is not only a necessity for working families, but also a crucial job creation tool which will benefit all New Yorkers.”

Senator Antoine Thompson said: “Creating new jobs and building affordable housing is a critical step to rebuilding New York's economy. I'm happy to see that a large amount of funding is coming to Western New York.”

Senator David J. Valesky said: “In addition to providing much-needed employment opportunities, this funding will improve the quality of life for many working families, creating a base of updated, energy efficient housing in Central New York.”

Assembly Majority Leader Ron Canestrari said: “I am grateful for the renovation and construction of 80 units of low-cost housing units at a time when the national and regional economy is in need of recovery. In addition to the availability of affordable housing, the Capital District may benefit economically from the jobs created in this important undertaking. I thank Governor Paterson and the New York Congressional Delegation for their hard work in advocating for stimulus funds where they are most needed.”

Assemblyman Kevin Cahill said: “In order to meet the needs of our most vulnerable populations, it is critical that we are dedicated to addressing the lack of affordable housing units in the Hudson Valley. These projects, which have an emphasis on energy efficiency, will help revive New York's struggling economy while simultaneously protecting our environment. The initiative on behalf of Ellenville Regional Hospital should be congratulated for this important addition to our community.”

Assemblyman Karim Camara said: “I truly believe that Central Brooklyn will benefit from this infusion of federal dollars into the community. Especially at a time when many working families are being priced out of this unique treasure that is Brooklyn. These Federal tax credits and the investment in affordable housing will go a long way to helping the backbone of New York and its middle class families.”

Assemblyman James Brennan said, “I am delighted that the State will be using low income tax credits to assist UCP to rehabilitate more than 70 units of housing for people with cerebral palsy in the Flatbush section of Brooklyn that I represent.”

Assemblyman Nelson Castro said: “I am pleased that Governor Paterson is rehabilitating one of the many low income housing units in my district of the Bronx. This will assist many families as well as bring many construction workers back to work. This is a first step in the right direction to revitalize my district.”

Assemblywoman Joan Christensen said: “I am grateful to Governor Paterson for making the ability to find decent, reasonably priced housing a priority during this economic downturn. At a time when there is an increased demand for these types of programs, these additional housing units will benefit the hardworking people of Syracuse and provide a positive outlook for the future.”

Assemblyman David Gantt said: “The State has an obligation to ensure that New York’s most vulnerable have access to decent and affordable housing. These Projects will give a much needed boost to the Rochester economy by creating jobs and by giving many who do not have access to adequate affordable housing a chance to rebuild their lives.”

Assemblywoman Barbara Lifton said: “The awarding of millions of dollars in low-income housing tax credits to these three rehabilitation projects in my Assembly district is very good news. On top of the clear benefits for senior citizens and people with disabilities in terms of good housing options and the new construction jobs that will be created, I’m extremely pleased that all these projects will meet high energy efficiency standards. That dovetails with my deep concern and that of my constituents about the growing threat of global warming and our desire to make New York as ‘green’ a State as possible.”

Assemblyman Vito Lopez, Chair of the Assembly Housing Committee, said: “I am very pleased that the federal government has chosen to provide this assistance, particularly now when New York is mired in the worst economic recession in decades. I am hopeful that these tax credits will not only create and rehabilitate thousands of affordable housing units but also provide a needed boost to the State’s economy. The demand for these types of programs has only increased over the last year. I and the Assembly Majority remain committed to seeing that New York State play a major role in the development and rehabilitation of affordable housing throughout the State.”

Assemblywoman Margaret Markey said: “Providing new affordable housing in our neighborhoods is a high priority in these challenging economic times and I applaud the Governor and the Division of Housing and Community Renewal for these grants to deserving New York City projects, including HANAC's new PCA Residence in Astoria that will provide affordable housing for nearly 100 seniors.”

Assemblyman Joseph D. Morelle said: “This funding encourages private investment and job growth at a crucial time for our state economy. This is precisely the private-public synergy that even in difficult economic circumstances can benefit individual families and our communities as a whole.”

Assemblywoman Crystal Peoples said: “I am pleased that St. Martin's Village and Holy Family Senior Apartments are recipients of the Low Income Housing Tax Credit and subsidies. I am especially pleased with the $1,320,000 that is being allotted to St. Martin's Village because of its previous abandonment. Now it will be able to be a part of the community’s rebirth. The funds will also help to create jobs and improve access to affordable housing in Buffalo.”

Assemblyman Adam Clayton Powell IV said: “Anything that creates jobs is a welcome opportunity for our communities during this economic recession.”

Assemblyman Bob Reilly said: “The Governor should be applauded for his leadership in designating these stimulus funds in support of affordable housing for Capital Region seniors. During these difficult economic times it is especially important that we care for our most vulnerable populations. The Clifton Park Senior Apartments, a 70 unit, three-story rental building will provide comfortable modern housing to low-income seniors and help boost the local economy by creating dozens of construction, service and elderly-care jobs.”

Assemblyman Mark Schroeder said: “The rehabilitation and development of nearly 100 affordable housing units is helpful in our efforts to revive Western New York for working families and businesses. During a recession of this magnitude it is working people and the neighborhoods they occupy that bear so much of the burden. I am hopeful that with these awards, Community Action Organization of Erie County and Delta Development of Western New York will be able accomplish their goal of providing more low-cost housing opportunities for those who need it most.”

Assemblyman Frank Skartados said: “This funding will help not only by creating construction jobs, but by creating more affordable housing for working families and seniors – a key component in sustaining and building up our local economies.”

Assemblyman Mike Spano said: “I’m pleased that Ashburton Senior Apartments in Yonkers will receive over $1 million in crucial federal funding. Amid the current state of fiscal uncertainty, it’s vital that we continue to provide affordable housing to those who need it most. Revitalization and rehabilitation projects will also stimulate economic growth and help New York State get back on its feet by creating new construction jobs.”

Assemblyman Al Stirpe said: “During these tough economic times, it’s programs like these that will help create jobs and attract more private investments. The addition of 60 units at the Toll Road Senior Apartments in North Syracuse will not only create jobs locally but also help provide more low income seniors with affordable housing.”
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New York State | Executive Chamber | press.office@chamber.state.ny.us | 212.681.4640 | 518.474.8418