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Galvan Foundation launches affordable housing plan

Mar 21, 2018 8:15 am

Amanda Purcell is reporting for Columbia-Greene Media the Galvan Foundation has announced plans to renovate 10 houses to create 29 new housing units of varying sizes by the end of the year. The initiative is intended to help address the need for affordable housing and income segregation within the city in the city of Hudson. The estimated price tag for the project is $2.5 million, and it will be paid for with a loan from the Bank of Greene County. Galvan's plan includes a studio unit, five one-bedroom units, 18 two-bedroom units, four three-bedroom units and one four-bedroom unit. The 10 properties to be renovated were obtained through private sale and donated to Galvan by trustees, said Dan Kent, vice president of initiatives at the Galvan Foundation. The initiative is funded by the contributions of Galvan trustees. Twenty-six of the units will be located on Warren Street. Several of the properties under construction, or soon-to-be under construction, have historic significance. The foundation is prioritizing the projects based on need. Potential tenants must income qualify and apply to occupy the units through the Galvan Foundation, which operates 180 affordable housing units. Read the full story at HudsonValley360 [dot] com.