Governor Spitzer proposes $400 million in afforadble housing
January 14, 2008
Governor Eliot Spitzer visited the Rheingold Houses in Bushwick, Brooklyn, Sunday to highlight steps his administration is taking to increase affordable and supportive housing throughout New York. Housing advocates, developers, community and business leaders applauded the Governor’s historic $400 million Housing Opportunity Fund, which was announced during the State of the State address last week. The proposal is part of a $1.5 billion infrastructure and economic development plan to enhance economic growth and opportunity across the state, and part of Governor Spitzer’s plan to ensure New York is the best place to live, work, raise a family and run a business.
“Good homes are the key to making a community livable. For over 100 years, New York led the nation with a progressive, visionary housing policy that helped to ensure that people had housing they could afford,” said Governor Spitzer. “In recent years, that vision has dimmed. In too many parts of our State, our children cannot afford to come back to the neighborhoods that they grew up in, and their parents cannot afford to stay in the homes where they raised their families. I will propose the biggest housing initiative in a generation, a $400 million Housing Opportunity Fund. This fund will build homes for the men and women who teach our kids and police our streets. This fund will also build supportive housing that enables persons with disabilities and others with special needs to live independently.”
“The Assembly Majority has for years led the fight in Albany for greater investment in affordable housing, and we have driven the effort to preserve the existing stock of affordable housing,” said Assembly Speaker Sheldon Silver. “We have provided millions of dollars in additional capital funding for the affordable housing , for the Low Income Housing Trust Fund, to improve public housing in blighted urban neighborhoods and to help the elderly and persons with disabilities to rehabilitate their homes.”
Source: Governor’s website
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