Governor Hochul Announces $406 Million in Financing to Build Additional Affordable Housing by Governor Kathy Hochul

August 1, 2023 — Amsterdam, NY — Governor Hochul highlighted nearly 1,000 units of affordable housing being created through State funding, including the completion of 200 affordable senior housing units in Montgomery County and $406 million in financing awarded through bonds and subsidies to create nearly 800 affordable, sustainable homes in five transit-oriented developments.