New York state is making $35 million available to create supportive services at affordable housing projects. The funds are expected to support about 1,4000 units. Projects are eligible for up to $25,000 per year, but will need to secure separate capital funding for the project.
According to a release from the governor’s office, supportive housing reduces demand for hospital beds, shelters and prisons. This is the seventh round of funding through the Empire State Supportive Housing Initiative. It’s part of a 2023 budget initiative that allocates $25 billion over five years to addressing the state’s housing supply. The request for proposals opened Thursday.
