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Tannersville gets funds for affordable housing

Mar 19, 2024 12:55 am

Andrea Macko reports in Porcupine Soup that on March 18 Gov. Kathy Hochul announced $10 million in state funding to develop workforce and senior housing at the former Cold Spring House hotel site in Tannersville. The Hudson Valley and New York State are in an affordable housing crisis, and few new housing units have been built locally recently. In Tannersville, a former hotel at 55 Spruce Street will be replaced with a 56-unit workforce housing development, including 15 units of senior housing developed by the non-profit community development corporation RUPCO. Hochul said, “The only way to address New York’s housing crisis and bring down costs for families is to keep building and preserving homes in every region of our state.... With this funding, we are pushing forward with our agenda to unlock New York’s housing potential, and we will keep working closely with the Legislature to ensure that all New Yorkers have access to safe, stable, and affordable homes.” RUPCO released a statement that said, “With the Hunter Foundation and Windham serving as economic engines in Greene County, there is employer demand to have workers reside in proximity to their places of employment. However, due to the high cost of single-family homes and the limited supply of rental units targeted toward local workers, employees can’t realistically afford to live where they work.” Read more about this story in Porcupine Soup.

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