Schumer, Gillibrand Announce Over $172 Million In Federal Funding To Aid NY State Economic Development & Affordable Housing

U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand today announced $172,063,152 in federal funding for communities across New York. The funding was provided by the Office of Community Planning and Development (CPD), which is part of the Department of Housing and Urban Development. Specifically, the funding comprises $127,839,843 in Community Development Block Grant (CDBG) funding and $44,223,309 in HOME Investment Partnership Program (HOME) funding. As the Senate Democratic Leader, Schumer led the effort in securing funds for the CDBG and HOME programs. Schumer said this new vital funding will be a shot in the arm for localities across Upstate New York.

“The Community Development Block Grant and HOME Investment Partnerships Programs are vital streams of investment that support local economic development, community revitalization and affordable housing. Without this non-replaceable funding, many local job-creating development projects that turned around Upstate communities and boosted jobs might not be here today,” said Senator Schumer. “I am proud of the role I played in securing funding for these programs that deliver real results to Upstate New Yorkers. The more than $172 million in funding is a big victory for Upstate New York and will help cities, towns, villages, and hamlets throughout the state create good-paying jobs, deliver essential services to families and seniors and support affordable housing. I will continue to fight day in and day out to protect this critical investment for our communities and make sure Upstate New York continues to get the federal investment it needs and deserves.”

“The CDBG Program and the HOME Investment Partnership Program both play a crucial role in promoting local economic development and expanding affordable housing, and I am very pleased to announce this federal funding to support these projects across Upstate New York,” said Senator Gillibrand. “With this funding, Upstate New York communities will be able to build on their efforts to revitalize communities, create new jobs, and attract even more investment – all while helping ensure that housing can be accessible for all New Yorkers. I will always fight to make sure that our communities can get the support and resources they need to thrive.”

Communities in New York State will use the funding to address a wide range of needs and enable local governments to support affordable housing initiative, provide essential services, and expand economic development. The CDBG program provides municipalities in New York with critical funding for transformative and unique development projects and needed funding to leverage outside investment in job creation projects. The funds continue to play a critical role in facilitating local economic development in Upstate NY and helping local governments succeed.

HOME funding is the primary source of funding for state and local governments to buy and rehabilitate affordable housing. According to HUD, the HOME program provides grants to states and localities that communities use, often in partnership with local nonprofit groups or development companies. These communities and organizations then fund activities such as building, buying and rehabilitating affordable housing units for rent or homeownership. HOME is the largest federal block grant provided to state and local governments designed exclusively to create affordable housing.

A breakdown of the funding appears below:

CDBG 2019 Upstate Allocations

HOME 2019 Upstate Allocations