Mid-Hudson Regional Economic Development Council Announces Progress on Housing Rehabilitation and Community Revitalization Projects
The Mid-Hudson Regional Economic Development Council today announced that ten housing rehabilitation and community development projects have signed contracts with the state and are moving forward with the first stages of $2,903,000 in awards from Governor Andrew M. Cuomo’s Regional Council initiative. The projects will restore and rehabilitate homes for 135 families in Orange, Rockland, Sullivan and Ulster counties, and improve the lives of hundreds of New Yorkers.
“Last year, the Regional Council was tasked with developing a strategic economic development plan for the region. While business growth is important to strengthening our economy, companies cannot succeed without adequate housing for their employees and potential customers, which is exactly why the Council supported these important housing rehabilitation projects,” said Leonard S. Schleifer, M.D., Ph.D., President & CEO, Regeneron Pharmaceuticals, Inc. and Regional Council co-chair. “Keeping New Yorkers in safe, affordable homes is key to our mission and it is rewarding to be a part of the Governor’s mission to transform the state’s approach to economic development and bring critical resources to our region.”
“Homes and Community Renewal is proud to work alongside the Mid-Hudson’s regional experts, to move forward on the projects which implement its vision for economic recovery,” said New York State Homes and Community Renewal Commissioner & CEO Darryl C. Towns. “With contracts signed, these non-profits are ever closer to helping families realize their dreams of homeownership.”
The projects are being supported by the Mid-Hudson Regional Economic Development Council (MHREDC) the investments will be administered by New York State Homes and Community Renewal (HCR), the state’s housing agency. The Mid-Hudson home-ownership investments include:
- A $750,000 investment to Ulster County, through the CDBG program, to renovate 22 homes of low-and moderate income residents
- A $350,000 investment to the City of Kingston, through the HOME program, to provide homeownership assistance to 13 low-income home buyers
- A $300,000 investment to Independent Living, Inc., through Access to Home, to make accessibility improvements to 20 homes for persons with physical disabilities, persons who are developmentally disabled, or the frail elderly in Orange and Sullivan Counties
- A $278,400 investment to the Rural Ulster Preservation Company, Inc., through the HOME program, to address owner-occupied housing rehabilitation needs in Ulster County
- A $278,400 investment to the Town of Thompson, through the HOME program, to address owner-occupied housing rehabilitation needs for 20 homes for persons with physical disabilities the frail elderly, and veterans
- A $250,000 to Hamaspik of Rockland County, Inc., through Access to Home, to make accessibility improvements to 10 homes for persons with physical disabilities and the frail elderly
- A $250,000 to Hamaspik of Orange County, through Access to Home, to make accessibility improvements to 10 homes for persons with physical disabilities and the frail elderly
- A $185,600 investment to Rural Ulster Preservation Company, Inc., through the AHC program to improve approximately 10 single-family homes in Ulster County
- A $185,600 investment to the Town of Thompson, through the AHC program, to rehabilitate 10 homes benefiting very low-income people in the Town of Thompson, Sullivan County
- A $75,000 investment to Shandaken Revitalization Plan Committee, Inc., through the RESTORE program, to conduct emergency housing repairs for elderly homeowners, elderly veterans, or frail elderly homeowners in Ulster County
Last year, a total of $785 million was awarded through the Consolidated Funding Application (CFA) for job creation and community development projects consistent with each region’s strategic plans.
Orange County Executive Edward Diana said, “We are gratified by the Governor’s support for these important housing initiatives. These funds will go a long way in helping those most vulnerable in our community and provide genuine assistance for the disabled and elderly in Orange County. We appreciate that the Governor and the Mid-Hudson Regional Economic Development Council recognized the need and are investing in Orange County to help make a difference.”
Rockland County Executive C. Scott Vanderhoef said, “I am pleased that a Rockland County-based non-profit agency will be receiving state funding for accessibility improvements designed to help persons who have trouble performing their everyday chores at home, due to their disability or infirmity. These improvements may include the installation of ramps, lifts, stair lifts, or modification of sinks so that they are wheelchair-accessible, all of which are so important for helping people with physical disabilities or the frail and elderly."
Sullivan County Legislature Chairman Scott Samuelson said, “Access to Home provides funding for much needed improvements that enable some of our most vulnerable residents to safely and comfortably continue to live in their residences. I am thrilled that Independent Living, Inc. has been awarded these funds and will be assisting Sullivan County property owners to make dwelling units accessible to persons with disabilities.”
Ulster County Executive Mike Hein said, “I greatly appreciate Governor Cuomo and the Mid-Hudson Regional Economic Development Council's investment in Ulster County's infrastructure and our families," said Ulster County Executive Mike Hein. "The bottom line is that these funds will make a difference in people's lives by providing individual families with rehabilitated homes and helping to revitalize communities and our local economy.”
The Affordable Housing Corporation within HCR supports homeownership opportunities for low and moderate- income families by providing grants to municipalities and not-for-profit organizations to assist in the costs of home improvements, the rehabilitation of existing housing and the new construction of homes for homebuyers.
The RESTORE (Residential Emergency Services to Offer Repairs to the Elderly) Program awards funds through municipalities and not-for profit organizations serving as local program administrators to pay for the cost of emergency repairs to eliminate hazardous conditions in homes owned by the elderly who are unable to afford to make repairs in a timely manner. To be eligible for assistance, homeowners must be 60 years of age or older, live in a 1-4 family house and have a household income which does not exceed 80 percent of area median income.
Access to Home provides financial assistance to homeowners and rental property owners through municipalities and not-for-profit organizations serving as local program administrators, to make dwelling units accessible for low- and moderate-income persons with disabilities. The assistance is typically structured as a forgivable zero percent interest loan.
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov. For information on how the New New York is working for business, please visit www.thenewny.com.