Gov. David Paterson announced $137 million in funding statewide on Monday to help build and preserve 6,415 units of affordable housing. More than $2 million is earmarked for this region.

The money is coming from the state Division of Housing and Community Renewal, according to a news release. Locally, the funding recipients include:

ä Otsego Rural Housing Inc., $747,000 for tenant-based rental assistance, rehabilitation of owner-occupied housing and emergency home repairs for the elderly.

ä Delaware Opportunities Inc., $725,000 to provide accessibility modifications to households that include persons with physical disabilities, developmental disabilities and the frail elderly, to provide assistance for rehabilitation of owner-occupied housing, and to provide emergency repairs for elderly homeowners.

ä Opportunities For Chenango Inc., $375,000 to provide accessibility modifications to households that include persons with disabilities, and to provide emergency repairs for elderly homeowners.

ä Schoharie County Rural Preservation Corp., $326,000 for home ownership assistance.

The awards will help developers leverage an additional $340 million in funding from federal, local and private sources, maximizing the positive impact of our investment, Paterson said in the release.

Senator John Bonacic, chairman of the Senate Housing Committee, said: "We need diverse and stable communities, and renovating existing housing stock and building new housing will help to meet that need."

Trending Video

Recommended for you