The Town of Dryden is one of 20 communities that received a Pro-Housing certification, Governor Kathy Hochul announced yesterday. With the certification, the Pro-Housing communities will receive priority consideration over other localities up to $650 million in State Discretionary Funds. With the current State of the State Proposal by Governor Hochul, a certification would be required to access the funds.
“These 20 communities — and more than 60 others who have started their applications — are taking a stand to build a better, more prosperous, and more affordable future for New York,” Governor Hochul said. “The only way to solve the housing crisis is to build hundreds of thousands of new homes, and through the Pro-Housing Communities program, my administration is continuing to put its full-fledged support, including up to $650 million, behind communities that are serious about housing growth.”
Programs within the discretionary funding include the Downtown Revitalization Initiative, NY Forward, Regional Council Capital Fund, NY Main Street, Market NY Capital Grants, Long Island Investment Fund, Mid-Hudson Momentum Fund, and Public Transportation Modernization Enhancement Program.
For localities to qualify to become certified, they must submit documentation showing their housing stock has increased by .33% in the previous year or 1% in the previous three years for Upstate localities.