Text Based Index
Grants & Loans
August 1, 2006
Governor George E. Pataki today announced more than $117 million in funding to support affordable housing initiatives across New York State which will benefit working families, seniors, the disabled and small retail business owners.
GVRPC, Inc., a private, not-for-profit housing agency serving Western New York since 1983, will receive $400,000 in HOME funds, $854,421 in Housing Trust Funds (HTF), and $226,145 in Low Income Housing Tax Credits (LIHC) as part of the Governor's funding announcement.
HOME funds will provide another $400,000 for a continuation of GVRPC's first-time home buyer programs in Livingston and Wyoming Counties. HTF and LIHC capital awards allow the construction of a new 24-unit apartment complex for small families and seniors in Livingston County.
The funding is part of $88 million in low interest loans and grants from the New York State Housing Trust Fund Corporation and $29 million in Federal and State Low Income Housing Credits administered by the Division of Housing and Community Renewal (DHCR).
These awards increase GVRPC's total of housing investment and services in the area to over $56 million, with over 725 families served in housing programs and over 600 families housed in quality, affordable rental units.