In New York State, More Than Half Of Renters Are Rent Burdened;

Funding Will Support Efforts To Mitigate Housing Costs for Low-Income New Yorkers

WASHINGTON, D.C. – Today, U.S. Senator Majority Leader Chuck Schumer and U.S. Senator Kirsten Gillibrand announced $5,196,000 in federal funding to develop and preserve affordable housing and invest in community development efforts throughout New York. The funding was allocated through NeighborWorks America, a congressionally chartered public nonprofit, and will be used to develop quality, affordable rental homes, assist first-time homebuyers, and provide housing and counseling services through local community development and housing services organizations.

“Every New Yorker deserves access to safe affordable housing. This federal funding, from NeighborWorks America, will strengthen neighborhoods, revitalize our downtowns, and provide safe, quality housing for families across Upstate New York,” said Senator Schumer. “I will continue to fight for and deliver funds to New York that help provide families and children with safe communities and affordable housing options.”       

“Skyrocketing housing costs have put homeownership out of reach for too many New Yorkers,” said Senator Gillibrand. “This funding will help develop and preserve desperately needed affordable housing units across our state and counsel families through the process of buying their homes. I’m proud to be announcing this funding today and I’ll keep fighting to make affordable housing accessible for all.”

Gillibrand is a longstanding advocate for affordable housing. Last year, she introduced  the Affordable Housing and Area Median Income Fairness Act, legislation that would invest $15 billion in affordable housing each year for 10 years and reexamine a key metric used in determining eligibility for low-income housing. She also fought for affordable housing investments in President Biden’s Build Back Better package, helped secure $45 billion for homelessness prevention and housing assistance in the American Rescue Plan, and cosponsored the Emergency Rental Assistance and Rental Market Stabilization Act to help families pay their rent during the height of the pandemic.

Click Here To Read Full Article