Change my location 
|
|
ALBANY, N.Y. (Map, News) - Gov. David Paterson says $25 million in grants will go toward building and renovating 396 units of affordable housing in New York City and the western part of the state.
The boards of the New York State Housing Finance Agency and its subsidiary, the New York State Affordable Housing Corporation, approved the grants Wednesday.
The agency and corporation make grants to not-for-profit housing organizations around the state to help subsidize the cost of newly constructed homes and the renovation of existing housing.
The largest portion of the grant - $18 million - will go to rehabilitate the 125-unit Caroline Apartments, a Section 8 apartment building in the Inwood section of Manhattan.
---
On the Net: http://www.nyhomes.org/home/index.asp
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 Not ranked |
 EMAIL ME THIS STORY |
