State approves grants for affordable housing

Left to right: Bushwick, Vito Lopez, East Harlem

The state Affordable
Housing Corp. and State of New York Mortgage Agency has approved $35.8
million in financing to build and renovate 669 housing units across the
state. “The grants announced today are an important investment in
communities throughout New York. From Brooklyn to Rochester,
renovations and construction of new units will assist thousands of New
Yorkers in need of affordable housing,” said Assemblyman Vito Lopez, chairman of the Assembly Housing Committee. Projects in New York City to get
funding include a 71-unit co-op at East 156th Street at Brook Avenue in
the Bronx, which will get $1.78 million; $3.02 million will go towards
acquiring and rehabilitating six buildings in Bushwick, Flatbush,
Harlem and Washington Heights; $3.2 million will help acquire and rehab
five buildings in Highbridge, Morris Heights, Bedford-Stuyvesant,
Brownsville and East Harlem; and $2.15 million will go to help build 66
condo units along Ely and Bartow Avenues in the Baychester section of
the Bronx. TRD