Senators Charles Schumer and Kirsten Gillibrand tell us that the Cortland Housing Authority will receive $541,448 for use to develop, finance and modernize public housing facilities.
It’s part of $397-million in federal Housing and Urban Development’s (HUD) Public Housing funding for New York State.
Ithaca is in for $458,308 and Auburn $73,996.
According to information provided by Sen. Schumer, HUD’s Office of Capital Improvement administers the Capital Fund program, which provides financial assistance in the form of grants to public housing agencies (PHAs) to carry out capital and management activities; acting as the primary tool to preserve New York’s affordable housing stock.
These federal dollars are used to increase a PHA’s ability to maintain the physical infrastructure of developments and improve the safety and security of its residents.